We are in a weekly fair value gap that we have balance and potentially collected orders to prepare for a potential drop in price. We are anticipating a quarterly shift for the month of July were we could be targeting downside liquidity that is in open float.
* Fundamentals:
-Interest rate differentials shows us that USD interest rate of 4.5 is higher than the interest rate EUR 2.15 which lead to the longer fundamental frame work of price correcting to the higher dollar rate to the euro.
-The COT report also indicates to us that there is huge buying of Dollar by the commercials and a huge amount of selling of the EUR by commercials which can lead us to assume potential weaker dollar.
*Targeting:
-We are looking for the low of last month (June) to be taken out as well as even potentially reaching to the implied weekly fair value gap.
* Fundamentals:
-Interest rate differentials shows us that USD interest rate of 4.5 is higher than the interest rate EUR 2.15 which lead to the longer fundamental frame work of price correcting to the higher dollar rate to the euro.
-The COT report also indicates to us that there is huge buying of Dollar by the commercials and a huge amount of selling of the EUR by commercials which can lead us to assume potential weaker dollar.
*Targeting:
-We are looking for the low of last month (June) to be taken out as well as even potentially reaching to the implied weekly fair value gap.
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.