Technical Analysis and Outlook
It seems like we have a currency war. Euro Dollar sank after dovish Super Mario - Draghi comment and surged after dovish Fed chair Powell remarks.
The short-term surge of the Euro Dollar trend sentiment remains semi-bullish and current rebound is producing push into Outer Currency Rally $1.1376. The relatively weak Mean Res $1.3333 will be a showdown of this fake push towards higher prices, with aged Key Res $1.1410 looming above.
On the downside, there is a Mean Res $1.1193 a distance away, while the significant Key Res $1.1330 is sitting below.
It seems like we have a currency war. Euro Dollar sank after dovish Super Mario - Draghi comment and surged after dovish Fed chair Powell remarks.
The short-term surge of the Euro Dollar trend sentiment remains semi-bullish and current rebound is producing push into Outer Currency Rally $1.1376. The relatively weak Mean Res $1.3333 will be a showdown of this fake push towards higher prices, with aged Key Res $1.1410 looming above.
On the downside, there is a Mean Res $1.1193 a distance away, while the significant Key Res $1.1330 is sitting below.