The EURUSD is pushing multi-month highs and stretching toward the next upside target at 1.1769 (July 27 high).
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.
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.
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.
有关这些重大经济事件的确切日期和时间，请导入 BlackBull Markets经济日历以直接在您的电子邮箱中接收提醒。
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
