EURUSD has been falling since the start of February, and has finally found support and consolidated at 34-Months Demand zone.
EURUSD then shot up after US PMI figures came below expectations with Coronavirus affecting productions.
As we are expecting EURUSD to recover from it's deep plunge, and with the Dollar being overbought, this is a good opportunity to buy EURUSD.
Await a retracement this week to enter a long position.
Dollare began its fall post-flash manufacturing pmi.
How much dollar fall may depend on Consumer confidence this week
EURUSD then shot up after US PMI figures came below expectations with Coronavirus affecting productions.
As we are expecting EURUSD to recover from it's deep plunge, and with the Dollar being overbought, this is a good opportunity to buy EURUSD.
Await a retracement this week to enter a long position.
Dollare began its fall post-flash manufacturing pmi.
How much dollar fall may depend on Consumer confidence this week