EURUSD Long Bias
EU Long bias
Entry: Daily demand zone.
Its clear that recently EU has been bearish and we can LLs and HLs forming. However, seasonality and fundamentals from previous election years align nicely with this demand zone.
I expect weakness on the DXY very soon as it is approaching a HTF supply zone. In addition, as the Euro is known to be the direct nemesis to the USD. I believe that this setup is very possible.
I am expecting strong Euro and a potential 1.106 to the HTF supply zone.
Entry: Daily demand zone.
Its clear that recently EU has been bearish and we can LLs and HLs forming. However, seasonality and fundamentals from previous election years align nicely with this demand zone.
I expect weakness on the DXY very soon as it is approaching a HTF supply zone. In addition, as the Euro is known to be the direct nemesis to the USD. I believe that this setup is very possible.
I am expecting strong Euro and a potential 1.106 to the HTF supply zone.
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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.