EURUSD : I still love ABCD
Anyway, I am sure many of you have seen this already.
It is not only because of the D, Bond yield also says that the $ needs to fall to compensate for its high.
And if we zoom in on the recent price actions, the price seems to have pivoted, but the BEAR is still fighting a strong fight. Anyway, next Monday will see a conclusion of this battle.
The lesson we must take home here is ----> Do not mess with the D when it is showing a reaction!!!
What about XAU? I think most likely is that it will rise. Don't you agree?
Good luck.
It is not only because of the D, Bond yield also says that the $ needs to fall to compensate for its high.
And if we zoom in on the recent price actions, the price seems to have pivoted, but the BEAR is still fighting a strong fight. Anyway, next Monday will see a conclusion of this battle.
The lesson we must take home here is ----> Do not mess with the D when it is showing a reaction!!!
What about XAU? I think most likely is that it will rise. Don't you agree?
Good luck.
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