Hello traders. EURUSD is not standing still unlike the pound, and it either pleased or disappointed with an incredible upward impulse, which can still be considered false, as similar attempts were made yesterday. A major player in the game briefly, I think by the evening the situation will become clear, and sellers will get the desired decline. Usually after such false impulses, it is advantageous to sell, not buy. The shutdown in America is over, which means the market reaction will not be in favor of euro/dollar prices. Now we just need the price to roll back to the initial position at the level of 1.1578, where it may continue its downward movement. Expecting an incredible price increase to the 1.1900 area is not advisable at the moment, especially since we have reached the lower value of 1.1470, from there the price may decline all the way to the level of 1.1000. We are now closely watching whether there will be a pullback to the liquid zone at 1.1580, where the southern price movement may continue. Wishing everyone successful trading.
