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EURUSD gets ready to break higher

by Neville Hornsey
3 June 2021
in Forex
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The momentum and price action on the higher time frames are indicating that the EURUSD could be about ready to pop through some serious resistance.  As the main component of the US dollar index, this would add pressure to the US dollar which for the last 2 weeks has been magnetically attracted to the $90 level.  As data in the eurozone builds more positively, the single currency should find strength from the fundamentals.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:40 US DOLLAR INDEX

2:09 EUR/USD

Tags: DXYEuroEURUSDForexNFPUS Dollar
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