If you've read my yesterday analysis on DXY you know that I'm strongly bullish and expect acceleration to the trend and 100 to be reached.
But what about EurUsd in particular? Of course, I'm bearish...:)
If we look at the daily chart since summer's top, EurUsd is in a clear downtrend and has dropped around 1k pips
However, the month of December so far is a frustrating one for traders, with choppy price action and, in fact, the pair not doing anything, just consolidating losses.
I expect continuation to the downside for this pair and 1.08 to be reached.
Remains to be seen if this consolidation will be broken this year or early next year, but my outlook will remain unchanged as long as the price is under 1.15 zone
But what about EurUsd in particular? Of course, I'm bearish...:)
If we look at the daily chart since summer's top, EurUsd is in a clear downtrend and has dropped around 1k pips
However, the month of December so far is a frustrating one for traders, with choppy price action and, in fact, the pair not doing anything, just consolidating losses.
I expect continuation to the downside for this pair and 1.08 to be reached.
Remains to be seen if this consolidation will be broken this year or early next year, but my outlook will remain unchanged as long as the price is under 1.15 zone
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.