EUR/USD
dropped considerably after the US Non-Farm Payrolls on Friday, but today the
pairing started moving to the upside again. I admit I am not too surprised –
events like this might have a significant effect on the market but it is
usually only temporary.
As I said,
EUR/USD is climbing again. The pair is headed for the resistance at 1.1440,
visible on the weekly filter chart. Should it break above that resistance, and
in my opinion it is quite possible that it will, the pair will reach target
1.1550 – 1.1560 so the correction will continue for the foreseeable future.
Great analysis of trade.
ReplyDeleteGood point! Thanks for sharing it.
ReplyDeleteLet's keep eyes on this pair, the correction movement continues.
ReplyDeleteExcellent analysis.
ReplyDelete