EURUSD
EUR/USD is gaining upward traction, breaking resistance levels and maintaining a strong bullish structure. With positive Eurozone sentiment and weakening USD pressure, the pair is poised for further upside. Buyers remain in control, signaling a continuation of the bullish trend.
Note
The sharp drop in EUR/USD was a liquidity grab, engineered to stop out long traders and trigger sell-side liquidity before the market resumed its upward move. This classic smart money tactic allows institutions to accumulate positions at better prices before pushing higher.
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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.