EUR/USD - Long into April
Recent yield rises have strengthened the dollar, but promises of trillions in stimulus may weaken the USD further. The rising channel on the EUR is in a 'Multi-Year full-breakout' mode. A breach of the blue channel will cause some re-evaluation.
If the previous action in the lower half of the rising channel is to be a repeatable pattern, then we may see a similar double bottoming into the end of Jan before a strong upside into April.
The long-run into April presents some key level resistances, where we expect some nuance in trend, but ultimately looking to respect the blue channel.
Let's keep an eye on the US 10yr. Peace
If the previous action in the lower half of the rising channel is to be a repeatable pattern, then we may see a similar double bottoming into the end of Jan before a strong upside into April.
The long-run into April presents some key level resistances, where we expect some nuance in trend, but ultimately looking to respect the blue channel.
Let's keep an eye on the US 10yr. Peace
Note
Back in the channel! Looking bullish!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.