DislikedHi gator, could you see the EU for daily chart? it is establishing bullish divergence. My guts says that EU will retest to 1.1040 - 1.1050 area next week.. {image}Ignored
Strictly speaking, on a daily chart, we have not had a higher high. And neither do we have a lower low. So it is likely that we're in a range. Going long at 1.0980-1.0990 has better risk reward.
But having said that, recently, US fundamental data has been quite good. And if NFP next week is good as well, EU will almost certainly go lower. It's been posting good data despite the trade war thing with china. So my bias is EU will go lower. News can change things. So will have to see next week's data release.
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