EA has bounced off the support level. The falling wedge pattern indicates a possible rising in the market. Wait on the brake out.
USD is ready to go higher. US Economy is getting better. Unemployment rate continuous to fall. Dow Jones continuous to rise despite pandemic.
The euro is at resistance now, and I am expecting it to continue the downtrend to 1.1723 and then 1.1693. Waiting on the news, United States Personal Income MoM Jul and United States Personal Spending MoM Jul.
Euro is eying the 1.1704 after breaking 4h support 1.192. Solid MA 200 Pressure.
USD Bullish. United States Retail Sales MoM May report today might trigger the bull run.
After a turbulent Day because of US Core Inflation Rate reports and US Jobless claim reports, the Dollar remains strong and continuous on the trend-line.
Dollar showed a short bullish behaviour. It seems that it has to finish the pattern before it shows real bullish movements.
EUR Rejection at resistance level. Declined to go higher at 1.22000. Down to major support 1.1704.