Why did the EUR/USD pair experience an upward surge? It wasn't because the ECB raised interest rates, as that was already priced into the euro. By the way, experts at Deutsche Bank believe that the bank will raise rates again in September. The reason is that Trump canceled planned strikes on Iran and once again hinted at nearing a deal. Strangely enough, for speculators, the changing moods of this guy remain a major catalyst for activity, more often than changing underwear during nasty "romantic" illnesses. The bulls only slowed down when approaching the base of the 16th figure (Murray 2.8). This resistance can be called defining, as it is located in the H4 cloud and coincides with the twenty-period exponential moving average. Thus, such a move by buyers did not go beyond a correction. The pair has switched to a decline. Short positions can be opened now, or you can wait for the Americans to enter the arena and see how they react to the University of Michigan data, which are often used as a reason for Friday manipulation.
