Politically: After a long period of time, politicians battles are almost finished. Expectation is one of the reasons that a market moves. EURUSD strengthened just because people expected a better euro after French election and weak USD because of Trump-Russian, Trump-China and many other Trump issues.
Now it is proved that Trump alone cannot change the world and other countries will respond to Trump plans. The market will be normal!!
Fundamentally: It is it clear that US economy is much better than EUR zone. Most of European countries' unemployment rate is over 10%. There is innovation in EUR zone and more...
Technically: on weekly chart we are in corrective wave and on daily chart we have a big movement upward containing five waves, which means at least a pullback is needed.
Disclaimer: I don't about politics but noticed that politics matters
Trade your own idea
Now it is proved that Trump alone cannot change the world and other countries will respond to Trump plans. The market will be normal!!
Fundamentally: It is it clear that US economy is much better than EUR zone. Most of European countries' unemployment rate is over 10%. There is innovation in EUR zone and more...
Technically: on weekly chart we are in corrective wave and on daily chart we have a big movement upward containing five waves, which means at least a pullback is needed.
Disclaimer: I don't about politics but noticed that politics matters
Trade your own idea
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