[EUR] Euro expected to Though Iranian Attack 2020 0109

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] U.S. Attack and Euro's Hope to Rising  2020 0106
cf. Expecting Euro and Sterling to Rise  2019 1230

Euro builds double-tops pattern in the four-hour chart against dollar. The pattern implies the price-down and currency pair eur/usd is 1.1114 and futures, Euro FX, 2020-03 is 1.11605 as of 02:46(UTC).

Euro is expected to rebound at 1.107x in spot and 1.113x in the futures market, CME, because euro is supported at the price bands before and it is around mid-term upward trend line.

And the easing U.S.-Iranian military tension supports euro, too.

Though Iran's retaliation missile attack on the U.S.-Iraqi bases, Donald Trump, the U.S. President spoke U.S. would not retaliate again. After his speak, stock market rose.

U.S. did airstrike to kill Iranian No. 2, Qassem Soleimani. And Iran has vowed retaliation.

Gjallarhorn recommend to buy euro against greenback and to wait the rebound.


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