The EURUSD pair unsuccessfully attempts to recover and break upwards from its last high at 1.0533.
The recent failure below the oblique resistance H4 shows that the upward movement is potentially over and that sellers are slowly regaining control.
In other words, it is difficult to bet on the asset rising with lower and lower highs. A rise in the US dollar in the coming days is possible with why not a return to areas located around 1.0400 or even 1.0300-1.0250 with the help of Donald Trump if he takes decisions favorable to the dollar.
Furthermore, the results of the elections in Germany this weekend could have a downward impact on the euro, which would support my scenario.
The recent failure below the oblique resistance H4 shows that the upward movement is potentially over and that sellers are slowly regaining control.
In other words, it is difficult to bet on the asset rising with lower and lower highs. A rise in the US dollar in the coming days is possible with why not a return to areas located around 1.0400 or even 1.0300-1.0250 with the help of Donald Trump if he takes decisions favorable to the dollar.
Furthermore, the results of the elections in Germany this weekend could have a downward impact on the euro, which would support my scenario.
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My track record: bit.ly/4jFJ6nj
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My free forex signals in real time: bit.ly/3RTlKwZ
My track record: bit.ly/4jFJ6nj
My track record: bit.ly/4jFJ6nj
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.