EURUSD, Potential Fall as The US Manufacting PMI Expands

2 giu 2020

This pair has reached resistance level and showing three line strike pattern, the price might go down towards support zone. Dollar may rise because the manufacturing PMI released by ISM shows that the manufucturing PMI registered 43.1 percent, up 1.6 percentage points from the April reading of 41.5 percent. I expect this pair to fall because of the effect of expansionary PMI may rise the dollar and bring this pair down.