The Euro has grown this week and we have a short term correction on EUR/USD. The US dollar had a bad week after the FED statement, the dollar has depreciated against Euro with more than 390 pips in three hours. The rate had a short pullback after this bullish momentum but the price continues to grow and is expected to reach the descending trendline in next week. The MACD indicator indicates a bullish divergence.If the price will break the downtrend resistance, then we can see a broader correction. Everyone wishes a corrective phrase on EUR/USD after the sharp decrease started last summer. The US Dollar Index is into a downward movement on short and medium term, is possible to have a retracement on US dollar in next period.


You must be logged in to reply to this topic.