Along the long road and on down the causeway. That’s what
happens with the EUR/USD pair lately. But the force awakened for the bulls and the
battlefield around 1.70 area was successfully
beaten. At a higher altitude, with
flag unfurled and a new conquest at 1.1960 today. But a retreatment we
witnessed and currently hovering around 1.1900 the pair is.
Despite the modest pullback it’s unlikely to watch again the attack
of the cloned bears. The four hour time galaxy is showing above moving averages
price moving. RSI and stochastic had slightly retreated from their extreme
overbought orbits, but yet remain within positive readings. Lack of faith
disturbing for bears is, 1.1890 level where the Force is strong with. Clearer
clues for the pair there are with pre-ECB’s levels and upcoming inflation
figures from both major planets within the forex empire.
May the force be with your trading!
May the force be with your trading!
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