FX.co ★ berta.hill | EUR/USD

Even with positive news from the American labor market, the dollar is struggling to gain strength. Everyone is confident that the Fed will cut rates again next week, the chances are very high. Because of this, the dollar becomes less attractive to those seeking safe assets, which helps the EURUSD pair move upwards. The Euro also feels more confident because many believe that the ECB has finished lowering rates. Yesterday, closer to the close of the American trading session, the pair successfully reached the buying target zone of 1.1645-1.1625, as predicted earlier. Today's Asian session shows trading above this level. It is not advisable to open positions immediately after growth in the Asian session. Due to low liquidity at this time, movements are often deceptive. It is better to wait for the European session to open, when trading volumes increase and a clearer picture emerges. It is optimal to wait for a price pullback after the European opening and look for entry points in the direction of the main trend, rather than trying to enter the market at the peak of the Asian impulse. I am waiting for the European session to open, and if there is a pullback, I will buy towards the full margin zone of 1.1708-1.1729.