Close to the bottom -#eurusd $eurusd
There is no rule that says that what has been done in the past must be repeated, but the Fib levels are respected. The Fed will still be aggressive in its fight against inflation and if the economy continues to slow in the fall, then the Fed could become more accommodative, initiating a weakening of the dollar, for a cycle that could last for a long time.
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.