PropNotes

BIG PICTURE EURUSD situation

Short
FX:EURUSD   Euro / Dollar Américain
I've been looking through some longer term charts for the majors recently, and this one stuck out to me. The euro and the dollar have been trading in a giant wedge for the last two decades, and we are approaching the bottom of the wedge as we speak. I think that there will be a massive short opportunity As/if the pair breaks below the wedge, as the U.S. economy and inflation continues to run under E.U. growth and inflation. We may bounce off of support, but I don't really want to be long the euro under any circumstances.

🚨🚨🚨

Looking for the next big move?

Supercharge your profits with our high-quality trade ideas and investment research.

Try it for free: www.propnotes.co/
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.