With a strong weakening of the US Dollar, EUR/USD has changed it's bearish trajectory.
The low of the bear move occurred on 13th January 2025 when price printed a Hammer candle/pin candle.
We have since seen a gradual push from the buyers until last week when we witnessed strong, impulsive moves breaking and closing above 1.0600 resistance.
We may now see a correction to retest the level.
The low of the bear move occurred on 13th January 2025 when price printed a Hammer candle/pin candle.
We have since seen a gradual push from the buyers until last week when we witnessed strong, impulsive moves breaking and closing above 1.0600 resistance.
We may now see a correction to retest the level.
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Low-Cost Trading, for everyone, everywhere.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.