Tatsiana Ketrar
The common European currency looks confident for the first time in the last 2 weeks. However, most analysts assume that this is an upward retracement (not a rally).
For today’s US session the Department of Volume Analysis of has defined the following trends:
The mid-term trend of EURUSD: upward retracement
The short-term trend of 6ЕU1 (EURUSD futures) is the following:
Today’s max volume cluster at 1.3800 (2600 lots of trading volume) is the current key level. If the price consolidates above the level the bulls will get an opportunity to initiate a rally. Otherwise the downward movement will be resumed.
The Department of Volume Analysis of
Tatsiana Ketrar
