Euro / U.S. DollarShort
EURUSD ... THE LAST BEARISH LEG
Hello fam,
Wondering why I said so, well check this out.
I use the dollar index to get my direction/strength of the dollar. Then use it to determine how I trade the major currencies. Even though the dollar's bullish phase is ending, I still did my analysis on this pair and saw the same thing.
Now it is a known fact that the dollar index and eurusd are inversely correlated but I'm not sure I will even place my buy limit order on this pair because it is at a place of high demand - it might not complete the bearish move before it reverse.
Anyways, that's all I can say. What's your take?
Wondering why I said so, well check this out.
I use the dollar index to get my direction/strength of the dollar. Then use it to determine how I trade the major currencies. Even though the dollar's bullish phase is ending, I still did my analysis on this pair and saw the same thing.
Now it is a known fact that the dollar index and eurusd are inversely correlated but I'm not sure I will even place my buy limit order on this pair because it is at a place of high demand - it might not complete the bearish move before it reverse.
Anyways, that's all I can say. What's your take?
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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.