USD to devalue, after double-bottom. Go long Eur/Usd
with US government spending back in the red, the Fed's limited interest rate hiking ability, and the draw-down in the Eur/Usd, i am more confident of a short-position on the USD, now.
On a fundamental basis - i'd like to comment, that this selling is way over-done. Because, although the Federal Reserve in the US, is raising rates aggressively, everyone knows you can't destroy your own economy based on the idea that raising interest rates is the best way to contain inflation. What you're looking at, is essentially a herd-movement downwards. ...