EUR/USD LONG - Momentum trendline break - Dollar weakness
EUR/USD LONG
Talking points,
Technicals:
Bounces of support, at trendline momentum is getting stronger, indicates that the price is going to break trendline.
Next resistance will be at 1.145000. RSI at 50.
Fundamentals:
Thanksgiving US Holiday (Thursday & Friday), Liquidity. Expecting dollar weakness
Sentimental:
Retail FX traders are positioning in Dollar-based majors like EUR/USD: 63% of Retail Traders are Long, Despite YTD lows
Talking points,
Technicals:
Bounces of support, at trendline momentum is getting stronger, indicates that the price is going to break trendline.
Next resistance will be at 1.145000. RSI at 50.
Fundamentals:
Thanksgiving US Holiday (Thursday & Friday), Liquidity. Expecting dollar weakness
Sentimental:
Retail FX traders are positioning in Dollar-based majors like EUR/USD: 63% of Retail Traders are Long, Despite YTD lows
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