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| EUR/USD 4-hour chart, source:forexfactory.com |
The one of the major currency pair, EUR/USD retreated taking adjustment yesterday. It step back to 20 Moving Average and kept its upward trend again in one-hour chart. There are double tops in one-hour chat and four-hour chart simultaneously, but price-support line seems to work well. The long bias is available for a while, I guess. I think the price will go high till facing resistance price-band, around 1.0850.
Before the year begins, I expected that US dollar would hike this year. Because Fed raised its benchmark index and gave a hint of more raising interest rate, and forecast of US economy was positive.
But greenback steps back. U.S. President Trump's pronouncement of economy policy isn't attractive to market participants. Trump has spoken Strong America and it means the economic conflict against another countries.
In the view of economy circumstance, global economy and currency flow are under the uncertainty.
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