The Euro took a beating over the last several days but the game is not over! This is just hotting up. I refer to some key areas for possible reversal on the lower time frames.
EURUSD is a ratio of two currencies. It is important to look at the USD, which on the world stage has actually been weakening. In the video of the weekly chart I look at the strength of the USD on the DXY.
Overall on the larger time frames (weekly and monthly), the EURUSD is bullish. A clear trend change can be seen.
See also Dollar Basket.
EURUSD is a ratio of two currencies. It is important to look at the USD, which on the world stage has actually been weakening. In the video of the weekly chart I look at the strength of the USD on the DXY.
Overall on the larger time frames (weekly and monthly), the EURUSD is bullish. A clear trend change can be seen.
See also Dollar Basket.
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