The US Dollar continues to advance on rising yields.
April that despite the price’s inability to break down, the long-term outlook was bearish, and the trend was clearly downwards, so short trades from clear bearish reversals at $1.0937 continued to look attractive.US Dollar strength has been the standout feature of the Forex market over the past several months, and the pace of the Dollar’s advance has picked up over recent days. However,
although the Euro is weak, it will not fall strongly, but just continues to drift lower against the greenback and is prone to sudden bullish retracements. This can make this currency pair challenging to trade short. Yesterday’s clear victory by sitting French President Emanuel Macron has boosted the Euro as markets have opened this week, but, and in recent hours it has begun falling again. The recent low at $1.0758 is well within sight, and this is now a near-2-year low.may be interested in trying to take a long trade from a bounce at $1.0710 if it is reached quickly, but trading with the trend will definitely mean a short trade here.
for trading short here today. Trading this pair short on breakdowns is not advised in the current climate, as the bearish trend is simply moving too slowly.Top Forex Brokers
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