EUR/USD Bulls Still In Control But For How Long?

15 ביולי 2020

The up trend continues so far with a break and re-test of June's high but this market could be a bit over-extended at this point as bearish divergence is starting to show on the 1H. As usual, I'm looking for price moves and/or breaks of key structure levels confirmed by volume for technical clues. The only data release today for eur/usd that could be important is US industrial production but it's only slated as a medium impact event so possibly will be a non-factor anyway as it seems the only thing markets care about right now is coronavirus news.