Bearish Euro
Straight to the point the dollar strength cannot be ignored. This pair has been bouncing in ranges all week around 1.05982- 1.09207.
As the market gears towards CPI we could potentially see a weaker EURO after a break of its support at 1.09207.
Short after retest and confirmation.
Trading is all about patience. There will be slow weeks like this one then boom rallies will come flooding so keep it simple , your next trade is around the corner.
As the market gears towards CPI we could potentially see a weaker EURO after a break of its support at 1.09207.
Short after retest and confirmation.
Trading is all about patience. There will be slow weeks like this one then boom rallies will come flooding so keep it simple , your next trade is around the corner.
Note
As we can see very clearly price has broken the 1.09207 level. Trade accordingly. Let's ride these waves to the 1.06800 support level.Note
As predicted , the EURO has tanked and now hovers over the 1.06800 zone. Feel to close your trades with significant profits as price can face rejection around that zone. Thanks for following and see you on the next IDEA.
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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.