FX.co ★ EUR/USD

Hello traders, The EURUSD pair has indeed continued its local upward movement. Although personally, I believed that we would see a decline this week due to absorption, it turned out differently. Yesterday, there were attempts to pull back and move lower, but they didn't lead to anything as all the downward movement was bought up. On the daily charts, a pin bar remains, and on the weekly charts, there is almost absorption. Once again, a level around 1.1667 becomes relevant to me. Of course, the dollar was the one driving here, which ended the trading day on a rather negative note. However, what's important is how we will trade going forward, as we not only have statistics but also Powell's remarks to consider. In general, I still see the northward direction, and if we drop back to at least around 1.1565 again, I will buy there.