TA speaking, $EUR is currently sitting at a very good spot after a sweet bounce at the Huge Falling Wedge pattern and its lows levels .
If you're a position trader and love to swing your pips right, this is the time to do so,
Despite technically making a valid entry for a long, do not get emotional and over-position your self in a Long trade!
Bear in Mind that on the Macro perspective things are not looking as good for $EUR and many speculate that 'cold winter' is coming for $EUR.
So far for 2022, $DXY has had an amazing rally, taking the breath out of other fiat currencies.
Take heed that if things go wrong for $EUR as many anticipate to go South, it can lose the red low zone at 0.96 , creating new lower lows on the large time frames which would invalidate this idea in case winter get's freezy !
Trade Safe!
If you're a position trader and love to swing your pips right, this is the time to do so,
Despite technically making a valid entry for a long, do not get emotional and over-position your self in a Long trade!
Bear in Mind that on the Macro perspective things are not looking as good for $EUR and many speculate that 'cold winter' is coming for $EUR.
So far for 2022, $DXY has had an amazing rally, taking the breath out of other fiat currencies.
Take heed that if things go wrong for $EUR as many anticipate to go South, it can lose the red low zone at 0.96 , creating new lower lows on the large time frames which would invalidate this idea in case winter get's freezy !
Trade Safe!
Comment:
$DXY *D
$DXY *D
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