My previous EUR/USD signal on 24th November was not triggered, as the bullish price action took place just below $1.0406.
November, I thought that the recent rise was beginning to run out of steam, so I thought that the price action was likely to be relatively flat over the day. I was correct about that, but wrong about the former support level at $1.0406 being the day’s pivotal point.over the past 2 or 3 weeks since my last forecast on this pair, with the price continuing to rise steadily and break to new multi-month highs above $1.0500.for long traders hoping to ride the ongoing bearish trend in the US Dollar.
Despite this short-term bearish hint, long trend traders should not be too concerned yet, as this currency pair typically makes deep counter-trend retracements. Due to the bullish trend, I see potential opportunities here for swing traders if we get a touch and bullish bounce later today at either $1.0484 or $1.0447.There is nothing of high importance due today concerning either the EUR or the USD.
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