EUR/USD HUGE UPDATE | Trump USD Effect To Last?
As results come in, USD strength has slapped the EURUSD down lower, as it has across as other major USD pairs.
We know there has been recent ECB hawk rhetoric about a careful lowering of rates, and that sentiment still exists. We just hit a major Price Action level to the downside also feeding into some short profit taking / long side new entries.
The Trump factor is because it is believed rates may also lower in the US slower than expected due to an inflationary effect.
So, that creates more of an even keel.
Long bias therefore in proportion with risk level overall. Looking for decent moves to the upside to trend trade, should reversal occur.
We know there has been recent ECB hawk rhetoric about a careful lowering of rates, and that sentiment still exists. We just hit a major Price Action level to the downside also feeding into some short profit taking / long side new entries.
The Trump factor is because it is believed rates may also lower in the US slower than expected due to an inflationary effect.
So, that creates more of an even keel.
Long bias therefore in proportion with risk level overall. Looking for decent moves to the upside to trend trade, should reversal occur.
Dagangan aktif
Momentum moving into EUR as USD move fades.
Nota
Happy to add longs.
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Posts Not financial advice.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.