Cup and Handle has formed on the daily with EUR/USD
The price has barely broken above, but it's still a breakout.
7>21>200
RSI>50
Target 1.6507
SMC:
Sell Side Liquidity Order Block
FUNDAMENTALS
We are seeing demand fill the orders as the US Dollar is getting weaker.
The US Dollar could soon be demoted to just another reserve currency among the Ruble, Yuan and maybe even the REAL.
This is going to cause a big dent in the confidence with the currency as investors will flock to other places to invest in.
The signs of a weaker dollar are strong, and so other currencies are likely to head up.
The price has barely broken above, but it's still a breakout.
7>21>200
RSI>50
Target 1.6507
SMC:
Sell Side Liquidity Order Block
FUNDAMENTALS
We are seeing demand fill the orders as the US Dollar is getting weaker.
The US Dollar could soon be demoted to just another reserve currency among the Ruble, Yuan and maybe even the REAL.
This is going to cause a big dent in the confidence with the currency as investors will flock to other places to invest in.
The signs of a weaker dollar are strong, and so other currencies are likely to head up.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)