Emma Asma Cornwall
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EUR/USD is clearly in bullish mood

EUR/USD is clearly in bullish mood. I'm thinking that the rising wedge on 4-hour chart will continue during next few days, a week or so. Macrodata has been generally positive for euro and negative for dollar, and people are starting to get back to work after vacations, the market is going to get back to normal in the coming weeks.
Anyway there is no reason to be bearish on euro. Especially if you check the latest COT report, bulls are gaining ground!