EURUSD : The FED had spoken
This is a continuation of the 'same' idea posted previously. You will notice the 'older' lines.
$ assets are getting more 'expensive' with DXY and yield high, which is why stock and even the mighty BTC are falling. Very soon, either $ or yield has to give way and I think most likely it is the $.
But there is still a little juice left to this SELL trade. But in the near term, it would be best to look for BUY instead.
Good luck and keep an eye on the 10s as usual.
$ assets are getting more 'expensive' with DXY and yield high, which is why stock and even the mighty BTC are falling. Very soon, either $ or yield has to give way and I think most likely it is the $.
But there is still a little juice left to this SELL trade. But in the near term, it would be best to look for BUY instead.
Good luck and keep an eye on the 10s as usual.
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