Market is losing momentum

28 במאי 2020

I believe all pairs especially the most famous one EURUSD are losing the momentum that makes it move in uptrend or downtrend. That means this pair will be ranging between the two levels that appear above in the chart because of many reasons. The important one of which is that the major news affecting inflation and interest rate are all the same from all countries because of COVID 19 crises. Therefore, the FOREX market will be ranging for a while until early September where some actions by Federal banks will apply.