FX.co ★ berta.hill | EUR/USD
EUR/USD
It is worth noting that nothing has changed for the EURUSD pair in the last few days, as we continued to trade within the same range. However, it should be noted that the week ended in favor of the bulls, and the false breakout at 1.1775 has not disappeared anywhere, maintaining the bullish initiative that has yet to be fulfilled. It is also worth mentioning that there was a dip below or a pullback, even dropping below 1.1835, but I personally believe we could move even lower. In any case, much depends on the demand for the dollar. Yesterday, we saw lower-than-expected inflation figures, but there was hardly any reaction, although I believe it will have an impact. Overall, I am looking to the upside, so if we drop to around 1.1820-1.18, I will buy there.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade