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Resolved Question
When will usd regain? When will eurusd start going down?
about 1 year ago
Best Answer - Chosen by Voters
"EUR USD is due for a Bullish Correction – The EURO has been on a steady bullish momentum non-stop from the 1.1875 low. It can be risky going long on the EURO now because it has over extended it’s bullish run without a major correction. The commercial traders are finding buyers and speculators; but don’t expect it to last forever".
about 1 year ago
Source(s):
Answers (2)
Thanks for asking this question, Juicy. I am uncertain to trade my favorite pair eur/usd these past few weeks. I hope others would add more info about this pair. But thanks for the reply (and the link), FXalhabib. Keep it up, mate!
about 1 year ago
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That's tough to tell. Maybe it'll depend on the market's reaction to the upcoming ECB rate statement. Also, there are plenty of top-tier economic reports due this week, which could serve as catalysts for a potential reversal. It seems that EURUSD is still enjoying a nice run from all the upbeat figures released recently but a shift in risk sentiment could force the bulls to retreat.
about 1 year ago
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