Ok Traders, EUR/USD is primed to go lower in my opinion. After A small Rally this last week to give back some gains by the dollar, the EURO is showing weakness yet again ahead of ECB Dovish comments to end QE. Despite that Being EURO Positive , the comments raised by the ECB will fool the market into thinking that Inflation is not coming soon and that Interest rates must remain much lower for an extended period after QE Ends. This, along with Dollar Positive interest Rate hikes next week could see Euro Sell off Yet again back down to 1.1500
I am currently going to Short Euro Next week should the Oppurunity Present itself.
We can see clearly a Trendline Pattern Forming with Rejections from Previously Daily Lows on EUR/USD
Another look at DXY will also show a rally immenent after some Corrections.
Next week will be very interesting for this pair
I am currently going to Short Euro Next week should the Oppurunity Present itself.
We can see clearly a Trendline Pattern Forming with Rejections from Previously Daily Lows on EUR/USD
Another look at DXY will also show a rally immenent after some Corrections.
Next week will be very interesting for this pair