Euro / U.S. DollarShort
EURUSD -> Opportunity for Bears to Fill the Gap
Hello dear friends, Ben here!
Overall, after an impressive increase in the beginning of the day, EUR/USD expanded a gap. Theoretically, this usually usually signals a complete inspection of this liquidity area.
Meanwhile, the US dollar index (DXY), monitoring the performance of the US dollar compared to the six main currencies, has dropped to about 107.00 after reaching the highest level in two years as 108.07 in Friday. However, the risk of discount on USD is still limited, as recent economic data has consolidated the expectation that the Federal Reserve (Fed) can slow down the rate of interest cuts, so drought drought Made any increase in EURUSD.
Overall, after an impressive increase in the beginning of the day, EUR/USD expanded a gap. Theoretically, this usually usually signals a complete inspection of this liquidity area.
Meanwhile, the US dollar index (DXY), monitoring the performance of the US dollar compared to the six main currencies, has dropped to about 107.00 after reaching the highest level in two years as 108.07 in Friday. However, the risk of discount on USD is still limited, as recent economic data has consolidated the expectation that the Federal Reserve (Fed) can slow down the rate of interest cuts, so drought drought Made any increase in EURUSD.
Related publications
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.