EUR/USD (Long-term)
Updated
I recommend the SHORT for EUR/USD due to the following reasons:
1. EUR/USD is now in the sideways of Trendline cluster Zone and it is on the road as per expected in the previous analysis.
2. The strength of USD will increase more because of Soft Brexit and the Power of Trump imposes the Tax on EU Cars ( you can search on Guardian, Reuter for more info)
3. In addition, the Trade Was has begun . As you may know, EU is one of the biggest market that imports goods from China (especially Western,Eeaster nEurope).
That's why if China loses this battle, the price of goods in EU will be going higher which leads to the Inflation. Consequenly, the strength of EU is falling down.
1. EUR/USD is now in the sideways of Trendline cluster Zone and it is on the road as per expected in the previous analysis.
2. The strength of USD will increase more because of Soft Brexit and the Power of Trump imposes the Tax on EU Cars ( you can search on Guardian, Reuter for more info)
3. In addition, the Trade Was has begun . As you may know, EU is one of the biggest market that imports goods from China (especially Western,Eeaster nEurope).
That's why if China loses this battle, the price of goods in EU will be going higher which leads to the Inflation. Consequenly, the strength of EU is falling down.
Note
+375 pips, and we are close to reach our targetNote
We will see the pump on EUR/USD next week and it may take a long time to reach our TP2. Of course, we may not reach it and change the target if China is dominance. Thank you for following my signal!
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