Photo: EURUSD Outlook
The current situation in the market of EURUSD is rather peculiar. The controversial behavior of the currency pair can be delusive. Only the Daily chart can show us a clearer picture – this is a bullish trend without now doubt. Yet, it seems to be accelerating. The 4-hour chart suggests that the mid-term bias is bullish as well.
Still, the market has entered a consolidation stage, the AO_Zotik indicator confirms that.
As a result, the H1 chart cannot show us a clear intraday picture. Therefore, at this point, it is difficult to make decent trading decisions.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD.
Татьяна Каширская, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
