Dear Traders!
Breaking out of the downtrend channel has fueled an impressive rally in
EURUSD, with the pair currently trading around 1.0885, showing no significant signs of reversal. The bullish trend remains strong, as price consolidates at higher levels with stable trading activity on the 1-hour timeframe.
As a result, traders anticipate further support from improved risk sentiment, especially amid the potential ceasefire discussions between Trump and Putin this week. On the other hand, the US dollar remains stable, as traders exercise caution ahead of the upcoming Retail Sales data release. Given the strong momentum, EUR/USD is expected to extend its rally toward 1.1000 in the near future.
What are your thoughts on this? Do you agree with me?
Breaking out of the downtrend channel has fueled an impressive rally in
EURUSD, with the pair currently trading around 1.0885, showing no significant signs of reversal. The bullish trend remains strong, as price consolidates at higher levels with stable trading activity on the 1-hour timeframe.As a result, traders anticipate further support from improved risk sentiment, especially amid the potential ceasefire discussions between Trump and Putin this week. On the other hand, the US dollar remains stable, as traders exercise caution ahead of the upcoming Retail Sales data release. Given the strong momentum, EUR/USD is expected to extend its rally toward 1.1000 in the near future.
What are your thoughts on this? Do you agree with me?
Trade active
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Related publications
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.