EURUSD Triangle Strategie Prediction #20220308
Updated
EURUSDThe instability of the financial system is almost as troubling as the downturn in the overall market. We found safe-haven demand in the volatile dollar.
The dollar index rose slightly to multi-month highs, which in turn caused the euro to fall below 1.1100 against the dollar. There will be some important technical issues involved in this decline in the exchange rate.
This is not just a symbolic move, but a 10-month low, which is entering the support level (in the 1.10 - 1.09 area), which represents the bottom of a large wedge for this pair.
Note
E/U: Probably oscillate around 1.0910 tonight, will not fall through 1.0900.About 2 hours till NY market ends and Sydney open.
If tomorrow it stands tightly above 1.0955, the up-trend will be more clear.
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