Dollar Srength Coming Back
Hey guys we've had quite the run on euro which isnt a surprise if you saw the H&S forming on the DXY Months back. Now we are approaching some weekly/monthly resistance at the 1.1710-1.1720 level. I don't know if were gonna make it there or not if Yellen sends the dollar weaker I will look to short at those levels, if not I have my sell stop under 1.1609 ready to catch a move to minimum 1.15 but I wouldnt be surprised if we went lower. Over the long term i'm looking for more Dollar weakness but I'm thinking its time for a pause.
Not
So we see that monthly resistance is holding if we stay contained below 1.1720, we should we see a chunky retrace on this euro. Everyone is soo bullish EURO, I love it just when everyone gets excited to go with the trend that's exactly when the big money is taking the opposite position.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.