EURUSD has been depressed for a long time facing fierce rejections, but we saw the pair getting a break last week. On Thursday & Friday the pair faced a resistance that could not break due to the low volume in the holidays (Shown in the dotted line) but we see the momentum continuing and pair easily breaking it upward. Having said that, we did not count the dollar out and expecting to gain some strength in the next few weeks that will likely push the pair down.
Love, Lacasafxfamily
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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.