Hey tradomaniacs,
EUR/USD is currently testing another strong support-zone after a breakout of the secondary descending trendchannel.
For now I wouldnt expect extended rallys ahead the FOMC-Meeting aswell as ECB on thursday.
So far, it looks like buyers are taking the chance to keep price ranging with strong bullish absorption.
Still we`ve gotta be very carefully here as more hawkish tones could continue to boost the US-DOLLAR, this is just a short-term-opportunity.
I`m still waiting for another re-test and want to see another strong absoprtion at the support-level.
LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT!
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EUR/USD is currently testing another strong support-zone after a breakout of the secondary descending trendchannel.
For now I wouldnt expect extended rallys ahead the FOMC-Meeting aswell as ECB on thursday.
So far, it looks like buyers are taking the chance to keep price ranging with strong bullish absorption.
Still we`ve gotta be very carefully here as more hawkish tones could continue to boost the US-DOLLAR, this is just a short-term-opportunity.
I`m still waiting for another re-test and want to see another strong absoprtion at the support-level.
LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT!
Wanna see more? Don`t forget to follow me!
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.