EURUSD unexpectedly shot up this week recovering 5 days of losses due to the dollar finally pulling back after a surge.
As EURUSD has reached a supply zone, we are expecting it to pull back slightly first before deciding on a direction.
With this week's economic data releases to be focused on USD, we will wait to see if the immediate demand zone can be supported before buying EURUSD, or if it breaks, we will sell EURUSD.
As EURUSD has reached a supply zone, we are expecting it to pull back slightly first before deciding on a direction.
With this week's economic data releases to be focused on USD, we will wait to see if the immediate demand zone can be supported before buying EURUSD, or if it breaks, we will sell EURUSD.