Euro / U.S. DollarShort
short term rebound with strong long term macro pressure
- bullish investors who came in late for the up rallies are trapped in the drop after druggy's talk
- a short term rebound is likely for them to recover looses
- ECB will have to make the currency cheaper to stimulate economy
Enter at 1.3350 when the price breaks out of the lower uptrend line
or at 1.3520 when the price rallies up again near its last high
Stop at 1.3600
Target at 1.3000
- a short term rebound is likely for them to recover looses
- ECB will have to make the currency cheaper to stimulate economy
Enter at 1.3350 when the price breaks out of the lower uptrend line
or at 1.3520 when the price rallies up again near its last high
Stop at 1.3600
Target at 1.3000
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.