If the euro is indeed set to weaken — as we anticipate based on the current signs of trend exhaustion — this could be a solid trigger for a short position.
However, if the breakout fails to confirm, it may turn out to be a fakeout, potentially leading to a bullish reversal instead
However, if the breakout fails to confirm, it may turn out to be a fakeout, potentially leading to a bullish reversal instead
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.