Dollar strengthening is now good news

486
EURUSD 1.1571

Intermarket Relationship

Strengthening dollar is not good news for Equity and commodities. Here we see the pair is preparing to correct, meaning strength in the dollar. In my view it will easily come down to 1.12 which is the 61.8% fib as well as role reversal zone also supported by the slowest MA.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.