EUR/USD Short. Yesterday’s dramatic trading session did not miss the EUR/USD currency pair. The weekend agreement between the Republicans and the Democrats in the USA brings for a short time the hope of the US dollar for a possible rise and thus a fall in the EUR. However, the euro is in a stronger position compared to other currencies pegged to the USD. The European Central Bank, which also comes with financial support, is now seeking support across EU countries (Germany, France). However, when looking at DollarIndex, confidence in the renewed rise of the dollar is reflected across the banking system. For some customers, this may be an average “short” analysis.
Chart and table source: WebTrader