EUR USD reversal off strong support + bullish BAT pattern
EUR USD at strong weekly, daily support level, a bounce back up is very probable
This support level correlates with BTC/USD support too.
Dollar DXY >100, USD overvalued, so correction may be due, although no signs of it in DXY technical analysis
EUR central bank interest rates over 3.5% compared to US 0.5%, so holding EUR as cash generates more yield.
A harmonic bull BAT pattern is printed on weekly TF, suggesting reversal
This support level correlates with BTC/USD support too.
Dollar DXY >100, USD overvalued, so correction may be due, although no signs of it in DXY technical analysis
EUR central bank interest rates over 3.5% compared to US 0.5%, so holding EUR as cash generates more yield.
A harmonic bull BAT pattern is printed on weekly TF, suggesting reversal