Bullish on EUR/USD read below
Current Look:
RSI has been continuously heating up for days. The European Union is showing some strong number read below and there aren't to many good sign for the US in any near future for that matter
I believe, as of now there is a fake bearish breakout forming a liquidity grab, then quickly turning to the upside. There is however big bearish engulfing candle on the 6 and 4 hour timeframes to watch out for, while the daily timeframe is still showing bullish intent.
High-Impact News Section:👇
News is set to come out surrounding the following for the US:
ADP Non-Farm Employment Change
Actual: 177K
Forecast:194K
Previous:371K
Prelim GDP q/q
News is set to come out surrounding the following for the EURO:
German Prelim CPI m/m
Actual0.3%
Forecast:0.3%
Previous:0.3%
Spanish Flash CPI y/y
Actual:2.6%
Forecast:2.5%
Previous:2.3%
Much of the news is leaning towards a weaker US dollar and stronger EURO, which in return will cause massive upside growth for price action and momentum
RSI has been continuously heating up for days. The European Union is showing some strong number read below and there aren't to many good sign for the US in any near future for that matter
I believe, as of now there is a fake bearish breakout forming a liquidity grab, then quickly turning to the upside. There is however big bearish engulfing candle on the 6 and 4 hour timeframes to watch out for, while the daily timeframe is still showing bullish intent.
High-Impact News Section:👇
News is set to come out surrounding the following for the US:
ADP Non-Farm Employment Change
Actual: 177K
Forecast:194K
Previous:371K
Prelim GDP q/q
News is set to come out surrounding the following for the EURO:
German Prelim CPI m/m
Actual0.3%
Forecast:0.3%
Previous:0.3%
Spanish Flash CPI y/y
Actual:2.6%
Forecast:2.5%
Previous:2.3%
Much of the news is leaning towards a weaker US dollar and stronger EURO, which in return will cause massive upside growth for price action and momentum
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