EUR/USD short
i dont believe this bubble last without 2 things
1: stimulus, which get voted on friday december 18th
&
2: fomc meeting tmrw, is the fed going to continue to to stay cautious or tighten up.. retail sales are expected to decline, covid is rising again , and im interested to see how the fed reacts... remember the second stimulus was already priced in, but have YET to see it.
also in the long term a stronger euro impedes and slows down the European recovery. Their currency strength doesnt match up with their economy, this may be the end of the bubble, respectively
1: stimulus, which get voted on friday december 18th
&
2: fomc meeting tmrw, is the fed going to continue to to stay cautious or tighten up.. retail sales are expected to decline, covid is rising again , and im interested to see how the fed reacts... remember the second stimulus was already priced in, but have YET to see it.
also in the long term a stronger euro impedes and slows down the European recovery. Their currency strength doesnt match up with their economy, this may be the end of the bubble, respectively
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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.