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Back Technical analysis
EUR/USD. The Pair May Correct Downward Amid Trump's Speech
Today, U.S. President Donald Trump is
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Today, U.S. President Donald Trump is scheduled to speak. Investors, already aware that he might throw in something unexpected, are reducing part of their long positions in the pair just in case, which could lead to a corrective decline.From a technical perspective, the pair is showing a local reversal downward after strong growth the previous day, driven by market reaction to the theme of a September Federal Reserve interest rate cut.Technical picture and trading idea:The price is above the upper
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Pati Gani,
Analytical expert of InstaForex
© 2007-2025
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Viktor Vasilevsky
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