I said last week that I wouldn't be surprised if this pair touched 1.1800 and possibly 1.2000. The rally has been remarkable so far and still has some steam left I believe. Looking at EU data that came out overnight, pretty much all good numbers again, meanwhile, not much good coming from the US with yesterdays historic GDP number, still no deal from the government, and covid still out of control. COT data from last weeks report showed investors net long the eur, and it has really showed this week. Looking to get long after a major pullback on the hourly chart.
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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.