EUR USD at strong weekly, daily support level, a bounce back up is very probable
This support level correlates with BTC/USD support too.
Dollar DXY >100, USD overvalued, so correction may be due, although no signs of it in DXY technical analysis
EUR central bank interest rates over 3.5% compared to US 0.5%, so holding EUR as cash generates more yield.
A harmonic bull BAT pattern is printed on weekly TF, suggesting reversal
This support level correlates with BTC/USD support too.
Dollar DXY >100, USD overvalued, so correction may be due, although no signs of it in DXY technical analysis
EUR central bank interest rates over 3.5% compared to US 0.5%, so holding EUR as cash generates more yield.
A harmonic bull BAT pattern is printed on weekly TF, suggesting reversal
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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.