EURUSD is at a key technical level where technical traders will be looking to short the market. However, fundamentally we expect the USD to weaken as the USD comes under pressure from President Trump and the Fed. Price on the 4hr timeframe is currently consolidating and a break of the range will be key to identifying the sentiment.
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.