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EURUSD in front of the European trading session

EURUSD H1

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EURUSD as usual consolidates during the Asian hours. Despite the many factors pointing to the likely weakness of the dollar, the movement from the first day of the week was in favor of the green bucks.

The impulse of yesterday can be ignored, given that in the mid-term the pair is in consolidation, and the price has now been backed by support.

The levels that will be tracked at 10:00 on the opening of the stock are 1.1377, where a break above will lead to probable testing of the upper diagonal and 1.1355, where a break below may signal a short sell.

A false break below the lower diagonal around 1.1320-1.11330 can give a good price for long-term positioning with debt positions.


 Trader Nikolay Georgiev

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