FX.co ★ berta.hill | EUR/USD

Hello colleagues. The pair EURUSD is trading in an expanding flat, but with a bearish bias. External factors such as rising oil prices and Middle Eastern tensions increase the attractiveness of the dollar as a safe haven asset. Trade tensions between the US and the EU also worsen the prospects of the eurozone, making the dollar stronger compared to the euro, despite expectations of an ECB rate hike. It is worth noting that the margin has decreased, and the full margin zone has become closer. This is happening within the range of the expanding flat and within the daily volatility. Today there is a possibility of reaching this target. I expect a correction and the formation of a reversal pattern for selling in the price range of 1.17065-1.17198.