Probably on Friday (10th of December) $EURUSD will have a pin bar touching somewhere around 1.06-1.07 which will in return trigger breaking of the resistance which is shown on the chart. Since the Dollar Exchane $DXY is still strong and aiming the resistance at 97, I am not expecting #EURUSD to increase no more than 1.13-1.15.
I am expecting to see wild moves on Friday with Core CPI. Breaking of the long term support will open a new era. However, I strongly believe that the support will hold
I am expecting to see wild moves on Friday with Core CPI. Breaking of the long term support will open a new era. However, I strongly believe that the support will hold
Comment:
I am sorry I meant 1.23-1.25, not 1.13 - 1.15 as you can clearly see on the chart