Forex EUR/USD Daily Video, July 14, 2023

[Sive Morten]

Good morning,

EUR has completed 1.1210-1.1220 target and now stands at overbought and strong weekly resistance area. That's why, despite solid upside momentum, we do not consider immediate position taking and watch for pullback, supposedly to ~ 1.11 area:

 

[FreddyFX]

The USA is killing the Eurozone.
Export is VERY difficult with this exchange rate.

 

[Sive Morten]

The USA is killing the Eurozone.
Export is VERY difficult with this exchange rate.

Of course, but it seems that this is a part of long-term plan.