Get DailyForex analysis to your email Subscribe Get DailyForex analysis to your email Enter your email Sign Up We commit to never sharing or selling your personal information The Euro is getting a bit of a boost due to Donald Trump getting healthy, at least that is the narrative going around today.
The Euro rallied significantly during the trading session on Monday, testing the bottom of a trend line that had recently been important.
That being said, the market has pulled back from there, showing signs of fragility and inability to overcome the selling pressure. The Euro euro trend line getting a bit of a boost due to Donald Trump getting healthy, at least that is the narrative going around today.
I am not sure euro trend line the two thinkorswim binary options strategies connected, but that seems to be what everybody believes. To the upside, the 1.
- How you can make money fast at home
- Trend line site
- The FOMC organizes 8 meetings in a year and reviews economic and financial conditions.
Ultimately, signs of exhaustion could euro trend line selling opportunities going forward, but I do not think that the market is ready to exactly meltdown. Having said that, the economic numbers out of the European Union are absolutely horrible so the idea that the Euro should continue to go higher is a bit ridiculous, with the one exception being the fact that the Federal Reserve will do whatever it takes to destroy the US dollar.
After all, that seems to be the mandate over the last 10 years or so, although they have failed miserably. If that is going to be the case, then the US dollar could get a bit of a bid again.
How to Read the Forecast Poll charts Overview This chart informs about the average forecast prices, and also how close or far apart sit the numbers from all participants surveyed that week.
At this point, I think that the candlestick for Tuesday in the way it closes will probably tell us more than the one on Monday did, so at this point, I am still somewhat negatively biased when it comes to this pair and I recognize that it is going to be difficult to suddenly break out to the upside. There is so much euro trend line above that I think it is only a matter of time before we pull back, so I am looking for signs of exhaustion on short-term charts in order to take advantage of it.
All things being equal, I think this is going to continue to be just as noisy as the rest of the currency markets right now, as nobody knows what to do with themselves currently. Top Forex Brokers.