After the clear break above 1.0350 resistance and the confirmation of the break on Friday's NFP, EurUsd starts the week strong and we have a new local high at the time of writing at 1.0565.
Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation.
As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact.
Buy dips should be the strategy
Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation.
As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact.
Buy dips should be the strategy
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