FX.co ★ EUR/USD

Hello traders, EURUSD After a rapid rise, the market usually enters a consolidation phase. This happens because some investors take profits, while others wait for lower prices. During this period, there is a redistribution of assets and accumulation of volumes. Once demand starts to dominate again, the trend is likely to resume. Based on this, it is probable that EURUSD will trade sideways until the end of the week, and then resume its growth unless something extraordinary happens. Nevertheless, the primary focus is on buying. If a clear reversal pattern forms in the price range of 1.16266–1.15935, there is a possibility of opening a long position to update the maximum at the level of 1.17213.