As you can see in my chart drawing, EURUSD is going through an uptrend channel. Now it's coming from the channel resistance, so it might be a pullback until the channel bottom.
On the other hand, the euro is gaining fundamental strength against the USD!
Therefore, the trend may persist until this week's NFP. This analysis is based on the current trend and fundamental situation of the market.
This information is not financial advice or any trade signal; it's just for educational purposes, so please do your own analysis before taking any entry on this asset.
Thank you
On the other hand, the euro is gaining fundamental strength against the USD!
Therefore, the trend may persist until this week's NFP. This analysis is based on the current trend and fundamental situation of the market.
This information is not financial advice or any trade signal; it's just for educational purposes, so please do your own analysis before taking any entry on this asset.
Thank you
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.
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.