EURUSD- Major Support Lost 🔻

Back in December 2020 we posted: EURUSD - Buy to Mega Resistance 1.232 (then SELL BIG)
Indeed the price got rejected at exactly 1.232 and our 'Big Short' on the euro was on.

Our second post confirmed our analysis:
Allow me to say that was in a period where almost everyone was expecting the dollar to drop, we even had some of the usual debates here on Tradingview and on chats. We were right.

Throughout the year we had given you amazing new entries for short positions (you can check them below) as we were clearly anticipating ' a Cheaper Euro'

June 16 was the last time the price lost a Major Support, just as it did today. Here is what happened:
I will not cover fundamentals, you probably know them if you are here. i will only say this:

Germany prefers a cheap euro. Makes exports stronger. DAX also.

Not sure it suits too many other Europeans. Good that we carry dollars (and usdt - think about it for a second)


EURUSD Can now dip further. Eventually even to parity.

the FXPROFESSOR

ps. where is Donald Trump? He ALWAYS complained (and allow me to say he was damn right!) : www.theguardian.com/...urrency-manipulation