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
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.