The common European currency has managed to recover up to September’s level, which can be a good sign for Euro. Skeptics are sure that it is more reasonable to use this upward retracement in order to sell the common currency than to start buying it.
The US news block is to come out at 12:30 and 14:30GMT.
The Department of Volume Analysis of has defined the following trends for today’s American session:
The mid-term trend of EURUSD: a potential trend reversal
The short-term trend of 6ЕZ1 (EURUSD futures) is the following:
Today’s max volume cluster 1.3795 is the current reference point. Once there is an upswing form the level the mid-term downtrend will probably be reversed. If the bulls fail to maintain their position, the downtrend will be continued.
The Department of Volume Analysis of
