The EUR/USD pair has busted through the 1.4250 showing its intentions in the near future as being bullish. This is a break of the largest trend line that the pair has seen in a long time. The ECB has increased its rate by 25 bps, and left the market to determine whether or not they are going to do it again. The reaction was muted, but what should be noted is that the pair remained stable, eventually forming a hammer showing 1.4250 as being support now. Selling isn’t advised, and buying will probably be seen.
Originally posted here
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