EURUSD maintains the bullish channel
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My dear friends, The prolonged weakness of the US dollar, following the extended pause by the Fed and Chairman Powell's non-committal stance, has increased risk sentiment and weighed on the US dollar along with US Treasury bond yields.
From the technical analysis chart, we can see that the EUR is maintaining an upward trend, suggesting that it is likely to continue increasing today with an expected limit to the price channel before retracing. The upward trend is expected to be sustained in the near future. What are your thoughts on this matter?
From the technical analysis chart, we can see that the EUR is maintaining an upward trend, suggesting that it is likely to continue increasing today with an expected limit to the price channel before retracing. The upward trend is expected to be sustained in the near future. What are your thoughts on this matter?
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