EUR/USD - Long into April
Recent yield rises have strengthened the dollar, but promises of trillions in stimulus may weaken the USD further. The rising channel on the EUR is in a 'Multi-Year full-breakout' mode. A breach of the blue channel will cause some re-evaluation.
If the previous action in the lower half of the rising channel is to be a repeatable pattern, then we may see a similar double bottoming into the end of Jan before a strong upside into April.
The long-run into April presents some key level resistances, where we expect some nuance in trend, but ultimately looking to respect the blue channel.
Let's keep an eye on the US 10yr. Peace
If the previous action in the lower half of the rising channel is to be a repeatable pattern, then we may see a similar double bottoming into the end of Jan before a strong upside into April.
The long-run into April presents some key level resistances, where we expect some nuance in trend, but ultimately looking to respect the blue channel.
Let's keep an eye on the US 10yr. Peace
Note
Back in the channel! Looking bullish!
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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.