[EUR] U.S. Attack and Euro's Hope to Rising 2020 0106

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

cf. Expecting Euro and Sterling to Rise  2019 1230

One of the major currency euro is on the downward trend line and trying to break through it. It may rise after the correction.

Major currency pair, EUR/USD dropped but succeeded to rebound on the downward trend line, last Friday. It is 1.11664 as of 01:00(UTC) and futures 6EH20 is 1.12145 as of 01:00(UTC). Its price rises in Asian session but it is thought to meet the correction and all of spot and futures item could retreat to bottom band of Bollinger Bands and seems to rebound at 1.1118(eur/usd) and 1.1185(futures), support line in the daily chart.

Euro of currency pair and futures is expected to rise in the year. Euro built the triangle pattern and it rose above the right edge of triangle in the weekly chart. It shows that euro accumulates the momentum and will jump or plunge soon.

If it has rising momentum, it can rise to 120 exponential moving average at first.

But U.S. airstrike to kill Qasssem Soleimani, the Iranian general has made oil price and gold price to surge. And stocks in New York plunged. Dollar rose, too.

Iran has vowed revenge on the United States.

It seems that the rising military tension between the United States and Iran threatens the market and boost the price of gold and crude oil. Dollar Index, dollar's price against the basket of six major currencies could rise, too.

But external fact of military tension may affect on the market restrictively. Because the market is slowly recovering from the shock.

And the dealers in bullish bias on euro can keep their long bias and watch the entry spot when it rebound.

Gjallarhorn searches the entry point, now.



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