The dollar seems to keep pushing higher. I do not understand why. I can only equate it to hype/popularity and just a really beautiful chart.
On a fundamental level, the dollar is weak. Very weak. Inflation in the U.S is high. Actually the highest it's been since 1982. The fed is printing money like its school paper. Why is the dollar's strength moving parallel with current inflation levels. Inflation and currency strength usually operate independently of each other. Debt is higher. The American government is buying debt, that it will only give to citizens in the form of higher taxes. We know as traders that sometimes, there is a situation where technicals have no respect for fundamentals. That can only drag on for so long.
Therefore my bias on EUR/USD is that a major reversal is coming for the pair.
On a fundamental level, the dollar is weak. Very weak. Inflation in the U.S is high. Actually the highest it's been since 1982. The fed is printing money like its school paper. Why is the dollar's strength moving parallel with current inflation levels. Inflation and currency strength usually operate independently of each other. Debt is higher. The American government is buying debt, that it will only give to citizens in the form of higher taxes. We know as traders that sometimes, there is a situation where technicals have no respect for fundamentals. That can only drag on for so long.
Therefore my bias on EUR/USD is that a major reversal is coming for the pair.