Euro / U.S. DollarShort
EUR/USD. Go dowm to 0.7 ?
When all investors are sure that prices will continue to grow ( or decline) , It means reversal looms. The dollar is in the same situation . Everyone predicts inevitable weakness of dollar . They can offer many reasons and each of them look like a 100% signal . Something may change instantly . We are on the verge of this transformation.
The long—term target for EUR/USD remains the same - 0.7 . In the near future, they should do (or have already done) at least an annual cycle on the dollar index. This situation can be used as an opportunity to set a dollar position probably to all currencies.
The long—term target for EUR/USD remains the same - 0.7 . In the near future, they should do (or have already done) at least an annual cycle on the dollar index. This situation can be used as an opportunity to set a dollar position probably to all currencies.
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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.