**EUR/USD ANALYSIS**
We are finally back with our chart analysis, let’s start with the most liquid asset on the market, EUR/USD.
***Technical Analysis*** The 1H chart is quite significant, the push off the lows is signalling a potential reversal after months of oversold environment.
I’m quite confident in this upward move, especially considering the risk on sentiment and the Inflation data for US coming in this week. If the data comes in, even just a few points lower then expected we will most certainly witness another leg up on this pair.
We see on the chart a few inefficiencies that can push the price back and forth.
Price has just hit one that may push the price during the American session to go below the multiple lows at 1.06523, from there we should have a push to the upside.
We are finally back with our chart analysis, let’s start with the most liquid asset on the market, EUR/USD.
***Technical Analysis*** The 1H chart is quite significant, the push off the lows is signalling a potential reversal after months of oversold environment.
I’m quite confident in this upward move, especially considering the risk on sentiment and the Inflation data for US coming in this week. If the data comes in, even just a few points lower then expected we will most certainly witness another leg up on this pair.
We see on the chart a few inefficiencies that can push the price back and forth.
Price has just hit one that may push the price during the American session to go below the multiple lows at 1.06523, from there we should have a push to the upside.