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| EUR/USD four-hour chart, source:FXDD.com |
cf. [EUR] Short Bias on EURO 2020 0406
cf. [EUR] Bearish Euro 2020 0403
Currency pair, EUR/USD has formed Head-and-Shoulders pattern in the four-hour chart again, and moves steadily after the correction.
The price rose after double-bottoms pattern and succeeded to break through 20 Moving Average in four-hour chart. As the expectation of controlling COVID-19 epidemic is weaken due to rising infectees and death roll, euro fell against US dollar and greenback rose on Wednesday.
Euro's falling was affected by the fail of agreement of EU financial ministers for supporting countries under COVID-19 damage, too.
US unemployment claims hit 6.6 millions on Thursday. It was expected 5 millions and 6.8 millions in previous week. It led euro rise.
Easter holidays begins from Friday. Almost banks in Europe and America are closed during the holidays, and the price movement is expected to be steady.
Gjallarhorn has a long position of euro-fx in CME.
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