Is the fall in the value of the EURUSD over?
After the strange fall of recent weeks, the euro has received a reaction from the demand area of the weekly chart.
However, this area has criticized existing orders in the past. On the other hand, in the weekly time frame, the price is moving in a downward channel, the bottom of this channel shows the value of the euro-dollar parity at around $0.90 per euro. #OPINIONLEADER#
If the following two events continue, the said scenario and price are likely to occur:
1- The continuation of contractionary policies of the Federal Reserve, will lead to further strengthening of the dollar ( DXY index).
2- The continuation of the economic crises of the Eurozone countries and the ineffectiveness of the monetary policies of the European Bank
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.