The recent US elections have injected significant volatility into the global financial markets. This has led to a sharp decline in major currency pairs against the US Dollar. However, it's important to remember that markets are cyclical and tend to correct over time.
Given the current position of the US Dollar Index at a major resistance level, a correction seems likely. This could provide an opportunity for other currency pairs to rebound and regain some lost ground. I am watching closely to buy EurUsd for a target around 1.09 level
As always, it's crucial to employ sound risk management strategies to protect your capital.
Given the current position of the US Dollar Index at a major resistance level, a correction seems likely. This could provide an opportunity for other currency pairs to rebound and regain some lost ground. I am watching closely to buy EurUsd for a target around 1.09 level
As always, it's crucial to employ sound risk management strategies to protect your capital.
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.
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.