EURUSD, At home fundamentals still show strong bearish momentum
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Unlike the other pairings against the dollar, I see too much weakness here against the dollar, and I believe that has more to do with the economic (fundamental) issues that are facing the EURO and EURO block countries. There is a lot of price action exhaustion to go north, and even if the dollar shows weakness, I don't think that the EURO will be in a position of strength, so we will be seeing possibly a weakness vs weakness situation.
Unlike the other pairings against the dollar, I see too much weakness here against the dollar, and I believe that has more to do with the economic (fundamental) issues that are facing the EURO and EURO block countries. There is a lot of price action exhaustion to go north, and even if the dollar shows weakness, I don't think that the EURO will be in a position of strength, so we will be seeing possibly a weakness vs weakness situation.
Compare GBPUSD to what we see here and it is clear that investors are in a Risk-On Sentiment (concerning the USD).