On a macro perspective we have the same view on the Eurozone : weak growth, neutral rates, lower inflation, etc. The EURO is an unattractive currency and is unlikely to find new buyers in 2025 at least until H2.
On the technical side of things this trade is remarquable :
1. Head and Shoulder pattern
2. Death cross + retest of 50 MA
3. 4 touches of 155-156 area (likely to break anytime soon)
These are all beautiful confirmations of a trend reserval.
Stay safe with your position and always remember the bigger picture.
On the technical side of things this trade is remarquable :
1. Head and Shoulder pattern
2. Death cross + retest of 50 MA
3. 4 touches of 155-156 area (likely to break anytime soon)
These are all beautiful confirmations of a trend reserval.
Stay safe with your position and always remember the bigger picture.
Trade active
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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.