Europe wont be happy with this
EUR/USD is trying to reclaim 50% of the 2002 - 2016 move. The price has recently broken a strong trendline from 2009 with 3 more touchpoints before breaking.
A break of 1.24 would indicate confirmation of a huge W in price with a target of 1.50 of the formation. It would also add confluence to the trendline break and price support for the EUR.
Considering USD's easy-money monetary policy and Biden's fiscal stimulus plans it looks like money printer go brrr has got legs and it's bearish for USD.
A break of 1.24 would indicate confirmation of a huge W in price with a target of 1.50 of the formation. It would also add confluence to the trendline break and price support for the EUR.
Considering USD's easy-money monetary policy and Biden's fiscal stimulus plans it looks like money printer go brrr has got legs and it's bearish for USD.
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.