Technical Confluences:
Price action is in Overbought conditions for Daily and Weekly Timeframe
Price bounced off the 38% Fibo retracement
Price is also rejecting the Resistance trendline
Price action also reversed away from an Interest Zone
Fundamental Confluences:
With all other Central Banks in the DM space wanting to cut rates, it negates off the...
Hi Purposeful Traders. EURUSD is pullback to my estimation zone. I'm praying she can stay above $1.10000.
What does this mean in the real world? People who live in the United States are buying the EURO above $1.10000 at the moment. If price stays above this price they will be buying it for use at a higher price.
Why needs the EURO and Dollar Exchange?
-...