Euro / U.S. Dollar
Long
Updated

#EURUSD: Nothing to expect from DXY| View Changed Swing Trading|

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Hey there! So, we were previously thinking EURUSD was going to be bearish, but things have turned around and it’s looking bullish for now.

The extreme bearish pressure on USD has caused all the major USD pairs to be in a range. As the week goes on and we get the NFP data, the market will probably focus more on these economic indicators. So, it’s not surprising to see some market ranges during this time.

We’ll keep a close eye on the market, as there might be some manipulation going on this week.

We recommend waiting until Monday’s daily candle closes to see if the bullish trend is strong enough. Then, based on the price momentum, you can make your decisions.

We hope you have a great week and safe trading! If you like our work and analysis, please consider liking, commenting, and sharing our content.

Cheers,
Team Setupsfx
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