EURUSD Analysis:
EURUSD rebounding from the higher low area of the uptrend line in the Daily timeframe chart
EURUSD Update
EURUSD is consolidating at the higher low area of the uptrend line, which leads to the SL price. However, EURUSD still have chances to Rebound from the higher low area
Reason : Due to the release of more Economic news mentioned below, the market is not making technical movement for now.
Euro Zone Deposit Facility Rate
Eurozone Interest Rate Decision
U.S. Core Durable Goods Orders MoM
U.S. Gross Domestic Product (GDP) QoQ
U.S. Initial Jobless Claims
European Central Bank Press Conference
U.S. New Home Sales
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
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