EURUSD: Rebound in short term?
Updated
Hi Traders!
During yesterday’s session we saw strong bearish pressure on the EURUSD pair in stark contrast to our view. Having said that, the trend has returned bearish on the intraday chart, but during today’s session we do not rule out a reversal or at least a technical bounce, let’s see what will happen during the last weekly session.
If this does not happen during today's session, the bullish movement will most likely appear during the first half of next week. Continue to follow us and support our ideas for new updates.
Trade with care
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During yesterday’s session we saw strong bearish pressure on the EURUSD pair in stark contrast to our view. Having said that, the trend has returned bearish on the intraday chart, but during today’s session we do not rule out a reversal or at least a technical bounce, let’s see what will happen during the last weekly session.
If this does not happen during today's session, the bullish movement will most likely appear during the first half of next week. Continue to follow us and support our ideas for new updates.
Trade with care
Like | Share | Comment
Note
🔴 The US dollar rose against its major trading partners early Friday, except for decline against the euro, ahead of the release of import and export price data for February and the New York Federal Reserve's Empire State index for March, both at 8:30 am ET. Industrial production data for February follows at 9:15 am ET and the preliminary Michigan Sentiment index for March is due for release at 10:00 am ET. As the week comes to an end, the focus turns to the Federal Open Market Committee meeting on March 19-20. While no change in rates is expected, an updated Summary of Economic Projections at the meeting and potential comments from Fed Chairman Jerome Powell afterward will have markets on edge early next week. The quiet period for Fed officials continues until after the meeting.Note
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