EUR/USD Forex Technical Analysis – Higher on Surprisingly Bett | Sunny Mason Trading Central🇨🇭LegacyFX official 🏆

EUR/USD Forex Technical Analysis – Higher on Surprisingly Better German GDP as Traders Await ECB Minutes

The Euro is edging higher on Thursday in reaction to a dip in U.S. Treasury yields and a softer U.S. Dollar. Traders were likely relieved to get a break from heavy energy-price driven pressure that drove the single-currency to a 20-year low. The main trend is down according to the daily swing chart. However, momentum shifted slightly to the upside after the confirmation of Tuesday’s closing price reversal bottom.

A trade through 0.9901 will signal a resumption of the downtrend. A move through 1.0368 will change the main trend to up.

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