The USD dollar sentiment remains strongly negative while the EUR is on the other pole. The situation in the US and the pressure over president Trump will remain at least until next week when the fired FBI director, Comey will testify. On the other hand, the economic performance of the Eurozone will increase the speculation for ending QE which is positive for the single currency.
Technically the price retained after the breakthrough of the support. The formation of "three white soldiers" is a strong trend confirmation signal and we can wait for a 60% correction at the last new bar with stop loss around 1.095.
DeM(8) is in overbought zone without indication of turning down and DeM Sequential continue its series as we can expect at least 3 more bullish bars.
Trader Nikolay Georgiev
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