In the context of a higher interest rate environment, the EUR/USD is trending towards recent highs. However, the USD was boosted by the Fed's speech yesterday, resulting in a sharp pullback in the EUR/USD.
Currently, there is support at the previous retracement level, which is indicated by the black line in the chart. This support level is relatively strong and can be seen as a critical level. If this level holds, considering that the USD's upward momentum has been somewhat exhausted and in conjunction with the chart pattern, there may be a short-term rebound.
However, traders must be cautious of their positions as there will be a significant impact on the USD from the upcoming non-farm payroll data on Friday.
If the support level is breached, appropriate strategies will be provided accordingly.
Therefore, it is advisable to click the "rocket" button to stay updated and avoid getting lost.
Currently, there is support at the previous retracement level, which is indicated by the black line in the chart. This support level is relatively strong and can be seen as a critical level. If this level holds, considering that the USD's upward momentum has been somewhat exhausted and in conjunction with the chart pattern, there may be a short-term rebound.
However, traders must be cautious of their positions as there will be a significant impact on the USD from the upcoming non-farm payroll data on Friday.
If the support level is breached, appropriate strategies will be provided accordingly.
Therefore, it is advisable to click the "rocket" button to stay updated and avoid getting lost.
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You can buy up nowNote
dollar setbackNote
Bullish yesterday, correct, are you on track? We will continue to update ideas later, welcome to join the discussionNote
The idea has been updated, welcome everyone to enter the discussion channel to discussNote
Still testing the pressure position, don't worryNote
continue to holdNote
Repeatedly test the pressure level, there is profit at present, no increase in positions for the time beingNote
you can enter the discussion channel for real-time interactionNote
Reaching the pressure position, friends with heavy positions can reduce according to their own situationNote
Pay attention to tomorrow's NFP dataNote
Everyone can enter the discussion channel and communicate at any timeNote
beautiful keep going upNote
a happy dayNote
break pressure positionNote
still rising
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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.
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.