The EUR/USD has been in a big accent the past few weeks. It has had strong momentum, but had a large Pin Candle on the day of confusion where Mnuchin made comments that were taken to suggest a weaker dollar, then Trump advised these comments were misunderstood, which Mnuchin later reiterated. The spike up and retrace is evident in the chart. Could the price be ready to move back down? The price is still well above the short term simple moving average.
Please view for entertainment purposes only. I am a non professional and these are not recommendation to buy or sell a security. I may or may not have a position in the covered topic. Please do your own research and consult a registered financial divisor for advice.
At the time of posting I do have a small short trade on the eur/usd