Opinion:
The euro price against the US dollar stopped at 1.044 in the long-term downward channel in the daily time frame and formed an upward channel in the short-term time frame towards the top of the long-term downward channel in the daily time frame.
Process:
Uptrend on a short-term basis if the support of 1.052 is confirmed (positive divergence in the daily time frame).
Support and resistance:
The nearest support zone is at $1.052. The nearest resistance area is $1.0810 and then $1.10.
Economic calendar:
ADP Non-Farm Employment Change
Federal Funds Rate
FOMC Press Conference
The euro price against the US dollar stopped at 1.044 in the long-term downward channel in the daily time frame and formed an upward channel in the short-term time frame towards the top of the long-term downward channel in the daily time frame.
Process:
Uptrend on a short-term basis if the support of 1.052 is confirmed (positive divergence in the daily time frame).
Support and resistance:
The nearest support zone is at $1.052. The nearest resistance area is $1.0810 and then $1.10.
Economic calendar:
ADP Non-Farm Employment Change
Federal Funds Rate
FOMC Press Conference