Good evening FX traders, wishing you all a profitable week as always.
EUR/USD has been making lower highs respecting in the same time the 50 ema. We can observe price has broken the 2 week trendline and managed to retest it. from which we hope we can enter a short position with target as seen above. Also we are hoping the stimulus will underpin the US dollar supporting our main idea.
**This is just my forecast based on my own interpretation/analysis, you are not obliged in any way to follow it.
EUR/USD has been making lower highs respecting in the same time the 50 ema. We can observe price has broken the 2 week trendline and managed to retest it. from which we hope we can enter a short position with target as seen above. Also we are hoping the stimulus will underpin the US dollar supporting our main idea.
**This is just my forecast based on my own interpretation/analysis, you are not obliged in any way to follow it.