FX.co ★ ethans | EUR/USD

Riding the Waves: Current Developments in EUR/ USD Whether the EUR/ USD currency pair's price might change soon is being discussed. There is a high probability that the participants, those who bought the currency pair and were sitting in positions back in that set before the elections in the States, were carried out on yesterday's heel. This is the law of price movement when fuel is taken from the crowd and carried in the opposite direction of their positions until the deposits crack. The critical mass has accumulated, and yesterday's breakout is only proof that the majority once again bought the EUR/ USD pair from the minimums. Moreover, the dollar will grow on the Europeans, but what is there?

The interest now is whether the pair will continue to decline, and it is possible that already this year we can see the achievement of targets at the 1-2 figure marks. But it is likely that after the buyers of the EUR/ USD pair were dropped off, they will give at least a price rollback to the 1.0575-1.0635 marks to collect fresh fuel; the question remains open in which direction they intend to move the price. If the decline continues, then the price will not be released above 1.0635. It is possible that they will not even be able to return to the 5th figure. But if sellers become active on the rise to 1.0635, we can get a full correction for the EUR/ USD pair, to 1.0820-50. Let's see how the Asians will start trading during their trading session on Monday.