This pair will continue to climb based on the continued weakness of the US dollar. US News had economic output fall 9.5% in the 2nd quarter, the biggest drop on record.
EUR has he potential to reach 2018 highs.
EUR broke structure and climbed to higher highs today as a result of the weakness in the USD dollar. The DXY is showing a slight strengthening in the US Dollar. If sustained, this pair will begin to lose momentum in anticipation of news this week out of Spain and Germany
EURUSD had seen creating higher highs since last week. It broke through and closed above longstanding resistance.
There has been a retrace between 23-38% Fib levels. News this morning had negligible effect on both currencies.
I am anticipating a BUY during London.
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Had been in a downtrend but there had been press conference and he DXY tanked. I believe this is just a temporary fluctuation and this will pullback to the 61.8% fib retrace and continue down.
There is a bullish engulfing candle but there is not much more to sustain an upswing at this time.