Short

232 yr TL penetrated. War, strong NFP expected

Updated

Techonomic Trading Strategies have been short the Euro/USD since Feb 8th, 2022. The only time the 22yr TL was penetrated was in 2020 at the start of the pandemic as pointed out by StanleyFX trader. Our belief is that current conditions trump that period and expect further losses to the 1.0800 area.

Note

1.08000 area objective realized. market order was alert was triggered @ 1.0810 and we are now flat, Techonomic Trading Strategies view current price action as corrective.

ctrade-77

Also on:

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.