EURUSD presents short-term buy opportunity
EURUSD to continue bearish however presents short-term buy opportunity.
Fundamentally, the EURO continues negative outlook especially based on last week’s central bank meetings. While the US dollar is overall positive, data released this week showing higher inflation and unemployment dropping, along with good employment numbers.
However, from technical perspective, EURUSD presents short-term buying opportunities as shown above, imbalance to be filled before continuing lower as EURO sells-off against the strong US dollar.
Fundamentally, the EURO continues negative outlook especially based on last week’s central bank meetings. While the US dollar is overall positive, data released this week showing higher inflation and unemployment dropping, along with good employment numbers.
However, from technical perspective, EURUSD presents short-term buying opportunities as shown above, imbalance to be filled before continuing lower as EURO sells-off against the strong US dollar.
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