The Euro could not sustain it's rally from last week. Resulting in a short pull back.
The fundamentals are all pointing to the Euro continuing it's fall all the way to $1.03577 a very strong support area.
The technicals all confirm with heavy sell signals.
The DXY has been soaring and with rumors of a 50-75 BPS boost I don't see it slowing down much.
The chance for a reversal in the DXY is low, given the Fed is set up to deliver another 50 bps hike in June at the FOMC meeting.
This trade idea is based on the ADR, Fundamentals, & Technicals all lining up=Forex Holy Trinity.
Never over leverage.
Trust your set up.
Have Fun!
The: EU Whisperer
The fundamentals are all pointing to the Euro continuing it's fall all the way to $1.03577 a very strong support area.
The technicals all confirm with heavy sell signals.
The DXY has been soaring and with rumors of a 50-75 BPS boost I don't see it slowing down much.
The chance for a reversal in the DXY is low, given the Fed is set up to deliver another 50 bps hike in June at the FOMC meeting.
This trade idea is based on the ADR, Fundamentals, & Technicals all lining up=Forex Holy Trinity.
Never over leverage.
Trust your set up.
Have Fun!
The: EU Whisperer
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.