Shourov_kk

EURUSD Possible Long ?

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD has broken out of my large structure/support line but not with much surety. Looking at the latest 4hr chart and it seems bullish may have gaining strength to go nearest 1.13500 level. On the other hand The US Dollar Index , which advanced to a fresh 2019 high of 97.37, was last seen down 0.1% on the day at 96.90. Investors may also be looking to book their profits ahead of the weekend and bring in some extra selling pressure on this pair.

Fundamental--> The data published by the Eurostat on friday showed that the trade surplus in the euro area narrowed to €17 billion in December from €19 billion in November. Later in the day, European Central Bank board member Benoit Coeure said that the slowdown in the eurozone was clearly stronger and broader than expected. Coeure further added that the ECB has recently discussed the possibility of a new TLTRO to further weigh on the shared currency.

Next week is gonna be interesting. We can look for the average bullish and bearish movement on monday and figure out if its giving us the opportunity to buy..!

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