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.
Comment
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.
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