With the dollar devaluing, there are a lot of trades in-play here across the board. We are about to see the EURO break out of the mirror level which has previously acted as both support & resistance - In which we will push for the 1.13 - 1.14 levels.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
Note
Dollar is looking to re-gain some value this week as China announced a 50 basis point cut to its Reserve Requirement Ratio (RRR) on New Year's Day, unleashing over $100 billion in liquidity.
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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.