On Friday the 21st, we saw the USD drop on a bad Monthly Budget Statement. This has given us reason to think that investors will not be looking at the dollar as a safe haven currency.
There might be a long term trend reversal in play next week ahead of the ECB Interest Rate Decision.
An increase of the interest rates should act as bullish catalyst for the Euro.
Wait for a breakout of the long term trend line, and look for signs of bullish continuation to the upside on the retest of the long term trend line.
Good luck traders.
There might be a long term trend reversal in play next week ahead of the ECB Interest Rate Decision.
An increase of the interest rates should act as bullish catalyst for the Euro.
Wait for a breakout of the long term trend line, and look for signs of bullish continuation to the upside on the retest of the long term trend line.
Good luck traders.