In my opinion this all is a bull trap! Why? Bc DXY is already oversold and EUR is overbought!
DXY is already taking the pace down and found some sort of support.
Everybody are talking to take longs on EUR, give me a 1 good and clear reason why! I think that we will have a mid term downtrend... If You look at these 2 impressive impulse legs what EUR has created within last 2 weeks then what are we missing? - Retracement!
* Fib 50 - 1.10500
* Fib 61,8 - 1.10000
Today will be the news (Euro - Core Inflation Rate), what will show us the way in mid term
Be careful with Your longs! Its fu**ed up here in EU, so Dollar will come back ;)
DXY is already taking the pace down and found some sort of support.
Everybody are talking to take longs on EUR, give me a 1 good and clear reason why! I think that we will have a mid term downtrend... If You look at these 2 impressive impulse legs what EUR has created within last 2 weeks then what are we missing? - Retracement!
* Fib 50 - 1.10500
* Fib 61,8 - 1.10000
Today will be the news (Euro - Core Inflation Rate), what will show us the way in mid term
Be careful with Your longs! Its fu**ed up here in EU, so Dollar will come back ;)
Trade active
People dont belive in Longs anymore
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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.