the EUR/USD can see a rally for some time
REASONS
1. we are at a very crucial weekly support.
2. we made a double bottom on such crucial support.
3. on 1h time frame we broke a trend that had been tested quite a few times.
4. the dollar index is at its all-time high and made a double top.
so, as the USD depreciates we will see a rally in EUR/USD.
NOTE: IF THE US STOCKMARKET CLOSES IN GREEN OR MAKE SIGNS OF RECOVERY WE MIGHT SEE A HUGE RALLY IN THIS FOREX SO KEEP A TRACK OF US MARKET AS WELL
REASONS
1. we are at a very crucial weekly support.
2. we made a double bottom on such crucial support.
3. on 1h time frame we broke a trend that had been tested quite a few times.
4. the dollar index is at its all-time high and made a double top.
so, as the USD depreciates we will see a rally in EUR/USD.
NOTE: IF THE US STOCKMARKET CLOSES IN GREEN OR MAKE SIGNS OF RECOVERY WE MIGHT SEE A HUGE RALLY IN THIS FOREX SO KEEP A TRACK OF US MARKET AS WELL