EURUSD 4H Market AnalysisEURUSD 4H MARKET ANALYSIS
Donald Trump made a really bold statement on his recent tweet mentioning:
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"Things are going along very well with China.
They are paying us Tens of Billions of Dollars, '
made possible by their monetary devaluations and pumping in massive amounts of cash
to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed!"
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This is indeed really good news as it will highly likely send USD full bullish.
Moreover, Fed Rosengren mentioned a " No clear and compelling case for additional monetary accomodation"
Fundamentally USD is really setting up to be a bull.
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On a Technical Standpoint
EURUSD is on a major 4H resistence. We should see a huge market gap on 5 August and we should continue the downtrend
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Note:
BEWARE OF STOPHUNTS that will most likely take place above the zone pointed out.
