The EURUSD is pushing multi-month highs and stretching toward the next upside target at 1.1769 (July 27 high). Â Â
Momentum indicators are also backing the move. RSI on the hourly chart has pushed into bullish territory without yet being overextended, leaving room for further gains. A sequence of higher lows forming potentially reinforces the bullish bias. Â
Price is also trading firmly above its short-term moving averages, with the 20-hour average acting as potential dynamic support since the breakout on September 7. Â
This is all occurring as French Prime Minister Francois Bayrou and his centrist minority government were ousted in a confidence vote in France’s National Assembly on Monday. France is the second largest economy in the Eurozone after Germany.Â
Per conoscere la data e l’ora esatta di questi importanti eventi economici, importa il BlackBull Markets Calendario Economico per ricevere avvisi direttamente nella tua casella di posta elettronica.
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