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Eurozone economy continues to show signs of improvement, while US economy remain vulnerable due to ongoing political turmoil, which could initiate outflow of money from US to European Markets.
From technical perspective EURUSD remain in uptrend as seen on Daily Charts and price broke out of resistance and made new highs last week. Since then we have seen some selling pressure but sentiment remain bullish, so any retracement is an opportunity to get in long trade with better risk to reward ratio. As such the best option would be to enter long trade based on bullish price action on hourly time frames with take profit target around 1.2073 or even higher at 1.2250 level.
From technical perspective EURUSD remain in uptrend as seen on Daily Charts and price broke out of resistance and made new highs last week. Since then we have seen some selling pressure but sentiment remain bullish, so any retracement is an opportunity to get in long trade with better risk to reward ratio. As such the best option would be to enter long trade based on bullish price action on hourly time frames with take profit target around 1.2073 or even higher at 1.2250 level.
