EURUSD is now facing a catch 22 situation, to break out of resistance at 1.1433 or have a healthy correction back to 1.1199 before the bullish trend continues.
DXY has a bit more to go to revisit the 95 support level before it reverse gear to a bullish trend.
So, if you have to trade this pair , you may want to wait for some confirmation first. Tonight, the ECB will be making some announcement and this might affect the movement.
DXY has a bit more to go to revisit the 95 support level before it reverse gear to a bullish trend.
So, if you have to trade this pair , you may want to wait for some confirmation first. Tonight, the ECB will be making some announcement and this might affect the movement.
Comment:
Yes, EURUSD has broke out of the 1.14337 resistance line and let's see if it can continue to charge higher towards 1.149, the peak where it last revisited on 9 Mar 20