Technical
Monthly
Reversal candle that we've discussed last time has become even greater and has increased its reversal quality. As we have said previously - EUR right now shows many bearish signs, as mentioned reversal candle, inability to reach YPR1 etc.
Now short-term sentiment shows that US rate hike expectation has dropped, but not drastically and summer rate change is possible. Impact of previos poor NFP was mild and many analysts expect high NFP data on June.
Currently EUR stands at ra…
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