The USD is currently one of the strongest currencies and the EUR is one of the weakest, this is due to vaccine concerns. so we are expecting a break to the downside on EUR/USD from our weekly zone (yellow zone) when it does we will look for good separation and exhaustion to our lower timeframe area of support and resistance before looking for entry confirmation for a trade down to our daily zone (red zone)
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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.