1.1300
EUR/USD managed to extend its bounce off last week’s troughs, advancing for the second day in a row in response to the extra downward trend in the Greenback and a broad-based risk-on sentiment among traders.
Momentum indicators remain constructive. The Relative Strength Index (RSI) hovers near 56, suggesting there’s still room for upside, while the Average Directional Index (ADX) around 47 points to a well-established trend.
EUR/USD managed to extend its bounce off last week’s troughs, advancing for the second day in a row in response to the extra downward trend in the Greenback and a broad-based risk-on sentiment among traders.
Momentum indicators remain constructive. The Relative Strength Index (RSI) hovers near 56, suggesting there’s still room for upside, while the Average Directional Index (ADX) around 47 points to a well-established trend.
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My Channel Link
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Check My Performance
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.