EURUSD: FURTHER US WEAKNESS EN ROUTE?

19 เม.ย. 2023

Good time of the day, traders. In today's technical analysis, we're taking a closer look at EURUSD that has been on a beautiful symmetric uptrend for quite a while now. It's look like this decisive directionality is slowly running out of the steam though. These periods are usually followed by consolidation areas (a simple box range) where we would build more momentum before pushing any higher. With this sentiment in mind, there is a mid-term opportunity available for anybody who wants to take advantage at 1.091. This is a potential where we have multiple confluences aligning together; however, as a a part of our trading plan, we'll closely watch the price development in the area before the entry.