EURUSD- Medium/Long Term Short
If policies continue to diverge, there will be strong fundamentals in place to justify a stronger dollar relative to the euro.
From a technical standpoint, the long term support line appears to be broken.
The 20v 50 day cross-over suggest momentum will be downward sloping.
Bearish MACD cross-over is not a good sign.
RSI may be over-sold but the down-trend looks pretty clear.
It is certainly possible that EUR/USD will rally in the near-term, but I think the break of the long-term support and the firmly entrenched down channel will prevail. If we go below Below 1.00 & 1.05, the all time lows will be exposed.
From a technical standpoint, the long term support line appears to be broken.
The 20v 50 day cross-over suggest momentum will be downward sloping.
Bearish MACD cross-over is not a good sign.
RSI may be over-sold but the down-trend looks pretty clear.
It is certainly possible that EUR/USD will rally in the near-term, but I think the break of the long-term support and the firmly entrenched down channel will prevail. If we go below Below 1.00 & 1.05, the all time lows will be exposed.
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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.