Hello ladies and gentlemen,
After the drop of the NFP, the trend line is still intact. This is a very nice entry point for EUR/USD to climb to new highs as the pair can attract a lot more traders which go long.
Also, my opinion is that the DXY is looking overstretched and has still not broken the long-term trend line.
My guess is that EUR/USD keeps making new highs, also looking at the breakout on the monthly chart.
Happy trading and always do your own research
After the drop of the NFP, the trend line is still intact. This is a very nice entry point for EUR/USD to climb to new highs as the pair can attract a lot more traders which go long.
Also, my opinion is that the DXY is looking overstretched and has still not broken the long-term trend line.
My guess is that EUR/USD keeps making new highs, also looking at the breakout on the monthly chart.
Happy trading and always do your own research