holeyprofit

Possible blow-off coming in USD long.

Short
FX:EURUSD   Euro / U.S. Dollar
Pretty stunned to see EURUSD breaking a 5 yr range and have nominal bounces after. I'd have expected to see a much stronger snap back. One may still come, but if we're holding down trending formations we might be due to see a big boom in the USD still.

Final target on EURUSD still a lot lower than we are currently. 0.8970 is the overall swing target. Surprised to see it not bouncing on the parity testing but it might just keep going.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.