EURUSD one step to confirm braking upwards
it is worth to pay attention to the dynamics of the dollar near 95.80 on DXY and the potential of EURUSD to continue its growth above 1.1400.
Confirmation for bullish reversal would be in the case of the pair growing above 1.1500 (previous highs). This could become signal for braking short-term downward impulse for the pair.
But In the longer run, there is not much bullish factors as more fundamental ones still matters. Read more about recent Powell's commentaries that puts pressure on the USD: fxpro.news/daily-forex-outlook/fxpro-powell-questioned-the-dollars-growth-trend-20181119/
Confirmation for bullish reversal would be in the case of the pair growing above 1.1500 (previous highs). This could become signal for braking short-term downward impulse for the pair.
But In the longer run, there is not much bullish factors as more fundamental ones still matters. Read more about recent Powell's commentaries that puts pressure on the USD: fxpro.news/daily-forex-outlook/fxpro-powell-questioned-the-dollars-growth-trend-20181119/
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.