Price action and volume analysis are of little or of no help here at all. Though in my previous post I did tell that price will end at the upper side of quarterly opening range (that is where it stopped today).
Euro is very much driven by fundamental factors (interest rates) due to the divergence between Eurusd and German-French and US short terms bond yields differential.
This divergence have been forming since 2018 and sooner or later such bubbles explode.
I would look for longs if price breaks upwards through the quarterly opening range.
For educational purposes only.
Euro is very much driven by fundamental factors (interest rates) due to the divergence between Eurusd and German-French and US short terms bond yields differential.
This divergence have been forming since 2018 and sooner or later such bubbles explode.
I would look for longs if price breaks upwards through the quarterly opening range.
For educational purposes only.
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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.