I was thinking that fundamentally the eurusd should hover around parity, now that Europe is tied to the war in Ukraine, the energy crisis, high inflation, and the looming recession. At the same time, it makes sense to believe that the uncertainty of US elections pushed the dollar lower, but that is to change once we get the results.
We finally seen a bit of weakness from the US dollar last week which pushed a few USD cross pairs up... EURUSD included, but I'm expecting price to have another dig back into that new support area around 1.15400 again and possibly further, so my eyes will be pealed probably early London session tomorrow for possible short entry's if price can push up and give...
The Congestion Opportunities Strategy has just sold EURUSD at 1.10327. The system recommends entering this trade at any price between 1.10206 and 1.10448. The signal was issued because the 28-hour Relative Strength Index indicates that the EURUSD may be oversold, while the Speculative Sentiment Index reading of -1.10346 indicates that trader sentiment is not at...