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Showing posts from May, 2021

Eur/Usd trend is not reversible anytime soon

Euro is keeping its bullish trend and will probably continue to historical 1.30$ , but in the short term , euro should be breaking 1.23$ area and continuing higher to brek above mutli year highs of 1.26$. Euro found support at 1.17$ , which initiated a rally of more thab 300 pips before bulling back towarsa 1.1960$ where it found support again and rallied another 200 pips , the strong momentum for the euro is still upwards and we should be seeing more gains in the coming week. The rally today was supported by disappointing NFP figures for the US.