FX.co ★ EUR/USD

Hello traders, Certainly, the EURUSD pair is still showing an upward movement as the main trend. I still believe that we have already broken the downward trend. However, currently we are experiencing a pullback or a correction. Nevertheless, there is significant pressure to the downside. This is not necessarily bad, as I have long been suggesting that it's time to move lower. We have not been able to break above 1.1667, where there seems to be a consolidation forming. It is important to note that the dollar is currently gaining strength. However, it is crucial to see how the dollar will be traded by the Americans, especially nearing the end of the week. Overall, I am still looking upwards, and if we drop below at least 1.1590, I will consider buying at that level.