In the context of a higher interest rate environment, the EUR/USD is trending towards recent highs. However, the USD was boosted by the Fed's speech yesterday, resulting in a sharp pullback in the EUR/USD.
Currently, there is support at the previous retracement level, which is indicated by the black line in the chart. This support level is relatively strong and can be seen as a critical level. If this level holds, considering that the USD's upward momentum has been somewhat exhausted and in conjunction with the chart pattern, there may be a short-term rebound. However, traders must be cautious of their positions as there will be a significant impact on the USD from the upcoming non-farm payroll data on Friday.
If the support level is breached, appropriate strategies will be provided accordingly.
Therefore, it is advisable to click the "rocket" button to stay updated and avoid getting lost.
Trade active
⋅
You can buy up now
Comment
⋅
dollar setback
Comment
⋅
Bullish yesterday, correct, are you on track? We will continue to update ideas later, welcome to join the discussion
Comment
⋅
The idea has been updated, welcome everyone to enter the discussion channel to discuss
Comment
⋅
Still testing the pressure position, don't worry
Comment
⋅
continue to hold
Comment
⋅
Repeatedly test the pressure level, there is profit at present, no increase in positions for the time being
Comment
⋅
you can enter the discussion channel for real-time interaction
Comment
⋅
Reaching the pressure position, friends with heavy positions can reduce according to their own situation
Comment
⋅
Pay attention to tomorrow's NFP data
Comment
⋅
Everyone can enter the discussion channel and communicate at any time