I had posted a short for the EUR/USD a week or 2 ago but I canceled it due to concerns about a major breakdown on the DXY. Well sure enough, my concerns were valid as the DXY continues to break lower, sending the EUR/USD above this weekly trendline going back 5 years. This is huge, if it closes above by the end of the week, the EUR/USD will have broken resistance and will be going much higher.
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.
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.