Technical Overview: - EUR/USD On the right hand side we have the monthly chart. This is to show us the bigger picture and the overall sentiment. From a monthly perspective we are in a bullish momentum. We have been in this bullish momentum for a quite long time now which leads me to think that we are bound to a correction before more bullish momentum. From smaller time frames such as 4h, we do see bearish pullback only leading to more buy opportunities. Fundamental Overview: - DXY is gaining bullish momentum because of recent high impact NFP news and unemployment change rate.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time.
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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.