EUR/USD *Macro Picture
Updated
TA speaking, 
EUR is currently sitting at a very good spot after a sweet bounce at the Huge Falling Wedge pattern and its lows levels .
If you're a position trader and love to swing your pips right, this is the time to do so,
Despite technically making a valid entry for a long, do not get emotional and over-position your self in a Long trade!
Bear in Mind that on the Macro perspective things are not looking as good forEUR and many speculate that 'cold winter' is coming for EUR.
So far for 2022,
DXY has had an amazing rally, taking the breath out of other fiat currencies.
Take heed that if things go wrong forEUR as many anticipate to go South, it can lose the red low zone at 0.96 , creating new lower lows on the large time frames which would invalidate this idea in case winter get's freezy !
Trade Safe!
EUR is currently sitting at a very good spot after a sweet bounce at the Huge Falling Wedge pattern and its lows levels .If you're a position trader and love to swing your pips right, this is the time to do so,
Despite technically making a valid entry for a long, do not get emotional and over-position your self in a Long trade!
Bear in Mind that on the Macro perspective things are not looking as good for
EUR and many speculate that 'cold winter' is coming for EUR.So far for 2022,
DXY has had an amazing rally, taking the breath out of other fiat currencies.Take heed that if things go wrong for
EUR as many anticipate to go South, it can lose the red low zone at 0.96 , creating new lower lows on the large time frames which would invalidate this idea in case winter get's freezy !Trade Safe!
Note
Zoomed in on Weekly
Note
DXY *D
Related publications
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.