A DOLLAR STORY
based on the current monetary conditions the federal reserve has placed, this instrument broke an important 13-year downward dashed trendline that has provided resistance since 2008; the dashed trendline was broken on the 7th of September 2020 hitting highs of 1.23 against the dollar signaling a trend shift.
price has since been correcting towards the broken trendline(resistance) to flip it into support, I would like price to hold this critical support area in order to maintain my overall bullish case for the euro.
a break of 1.6500 will confirm the second leg of this bull run.
I hope this idea provides you wealth.
price has since been correcting towards the broken trendline(resistance) to flip it into support, I would like price to hold this critical support area in order to maintain my overall bullish case for the euro.
a break of 1.6500 will confirm the second leg of this bull run.
I hope this idea provides you wealth.
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