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EUR/USD The Silence Before The Storm

From en.mexgroup.com

Price changed little today and waiting to the afternoon’s fundamental events to bring some volatility. Is still located in the buyer’s territory, but needs a bullish spark to be able to resume the upside movement. Continues to move somehow sideways right now, is consolidating the latest gains, so we have to wait for a fresh trading signal. Has shown some exhaustion signs in the last weeks, but maintains a bullish perspective as is located above some important support levels. We may have a high volatility in the afternoon as the economic calendar is filled with high impact data. The fundamental factors will take the ... (full story)

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  • Category: Technical Analysis