EURUSD - CURRENT SENTIMENT ANALYSE , DXY
#EURUSD
- Currently, the market sentiment for EUR is slightly on the DOWN SIDE. The main reason for that is because of the FOMC MEETING held yesterday. Due to MARKET RISK OFF yesterday, all MARKETS including STOCKS and COMMODITIES were slightly DOWN. If more rate hikes happen, it will definitely affect the US dollar in a big way to strengthen it.
- Definitely, according to the market structure, EURUSD can go down to the support level below. There is currently a DOWN SIDE BIAS in the MARKET for EUR. Accordingly, EURUSD can go down to 0.9703 LEVEL. And after that, if the MAIN CHANNEL is BREAKED, the EURUSD PRICE can be BUY to the 1.0340 LEVEL, if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
- Currently, the market sentiment for EUR is slightly on the DOWN SIDE. The main reason for that is because of the FOMC MEETING held yesterday. Due to MARKET RISK OFF yesterday, all MARKETS including STOCKS and COMMODITIES were slightly DOWN. If more rate hikes happen, it will definitely affect the US dollar in a big way to strengthen it.
- Definitely, according to the market structure, EURUSD can go down to the support level below. There is currently a DOWN SIDE BIAS in the MARKET for EUR. Accordingly, EURUSD can go down to 0.9703 LEVEL. And after that, if the MAIN CHANNEL is BREAKED, the EURUSD PRICE can be BUY to the 1.0340 LEVEL, if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
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