EUR/USD Friday Rally Dey Stop Market Shutdown, E Make Traders Happy
Di EUR/USD palan sharp rally for Friday, e stop di decline wey don dey go for weeks, e con save di currency traders from wahala wey fit happen if e no stop. Dis rally na because di market don oversold, plus some traders begin take profit from dollar wey strong, small small USA data no steady, plus di liquidity no too plenty for di weekend. Dis rebound show say forex market fit quick change direction sharp sharp. Even though dis relief dey, di big story still be say di USD strong, na aggressive Fed tight money policy, people dey run go safe place, plus USA economy still dey strong cause am. Trouble dem wey EUR face na Europe energy wahala, ECB no tight money well well, politics solvely risk and worry about recession. Traders suppose treat di rally like one small jump inside one big downtrend, dey watch economic data and central bank talk, watch energy price and use risk management well and sabi position size. To sabi di support and resistance levels will help tell if dis rally be change for good or just small correction for dis market wey no steady.
Neutral
Di EUR/USD rally na show say na technical correction dem dey do pass say na fundamental change be dat, as di overall USD strength wey Fed policy and safe-haven flows dey push still dey. Past wey dem rebound when forex too sell, na for just short time relief e give no be say e change long term trend. For short term, traders fit use momentum and short squeeze take make money, but di euro get structural wahala dem—energy risk, ECB no action quick, and geopolitics wahala—wey show say e no go strong movement follow up. For long term, USD dominance fit come back unless Eurozone fundamentals improve well well or Fed change style, so market effect go stable for other asset classes like crypto.