EURUSD Trading Signal: 'Hooking' a Rally?
Updated
EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling.
There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward.
Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward.
Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
Note
Target has been acquired.Trade closed: target reached
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