If one were to take away the multiplicity of hurdles facing a weaker USD. Then one would realize that the real reason the USD is weaker against the EUR is that there are stock market factors. The DOW plunged recently wiping off $5 Trillion. If the Eur remains at the $1.24 level then it looks surely to reach the $1.26 mark.
Hi everyone, this a great trade. Further bearish momentum, Target 1.6193
Hi, everyone. We can see a wave pattern in a bullish market. Price has bounced off FIB level and making higher highs. Target 87.00. All the best, Bless.
Just completed a .50 retracement bounce, rsi and ma are showing bullish momentum. Overall bullish bias on this pair.