EURUSD: Ready to sell in the 1.0825-1.0835 range
Yesterday, the US dollar index went through a wave of rising market. I have said before that the US dollar index cannot continue to fall, because the current situation does not allow it at all. Therefore, after the falling demand is released, the US dollar index will inevitably rise. However, it should be noted that the current situation also lacks effective stimulus factors and cannot provide strong momentum for the US dollar index to rise. Therefore, it is not realistic to expect the US dollar index to rise sharply. The most likely situation is that it fluctuates back and forth within a certain range, for example, it falls into a volatile market, or runs in an upward channel, which is a more appropriate choice.
After yesterday's market, the US dollar index can basically confirm that it has maintained an upward channel. Today's decline is to open up space, and it is very likely to rise again during the US trading period. Therefore, corresponding to EURUSD, you can choose to sell at a high level.
In summary, today's opportunity to sell short at highs, combined with the market, give the following suggestions, refer to the operation as appropriate:
Sell in the 1.0825-1.0835 range, target 1.0805, 1.0785, 1.0765.
After yesterday's market, the US dollar index can basically confirm that it has maintained an upward channel. Today's decline is to open up space, and it is very likely to rise again during the US trading period. Therefore, corresponding to EURUSD, you can choose to sell at a high level.
In summary, today's opportunity to sell short at highs, combined with the market, give the following suggestions, refer to the operation as appropriate:
Sell in the 1.0825-1.0835 range, target 1.0805, 1.0785, 1.0765.
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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.