U.S. Dollar / Euro

Short

Updated

USD set to fall further

The weekly chart of my own built USD index shows signs of donwward continuation within a well-defined symetrical triangle.

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daily view: USD index broke a small rising wedge (continuation pattern) last week: a move further low is anticipated for next week

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Although USD could put a corrective bounce at anytime, I can't see any meaningful support before another 2% lower.

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Still some room to the downside. USD was flat lst week

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USD ready to make another impulse lower?

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USD soon a buy but not yet.

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Also on:

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.