EUR/USD as expected open at 1.0910. However, the price is under a key area of resistance.
Additional signal for increased attention is given by Demarker indicators: Sequential formed 9 and kept the price below the bar; DeM(8) in a overbought zone and rotate.
The last pin bar shows the bulls' inability to beat their levels, at the moment the price is good for positioning short with a stop of 20 points over the top or above 1.1000.
An alternative breakthrough over the top of the pin bar and the resistance will give rise to purchases.
Fundamentally, we can expect the dollar to appreciate due to the deepening of the situation in North Korea, with the rise in oil prices pulling up the US dollar. On the other hand, the euro will be under pressure one week before the second round of elections in France.
This week we are expecting a Fed meeting of interest rates on Wednesday and NFP on Friday that will create expectations for the dollar. On Wednesday, we are also expecting GDP data from the Eurozone.
Dealer Nikolay Georgiev
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