Keihan95

A short rally for euro?

Long
FX:EURUSD   Euro / U.S. Dollar
Thanks to US dollar index hitting major resistance and showing relative weakness (check the related ideas) together with US Government Bonds US02Y and US10Y also reaching major resistance zone , showing somehow weakness, I assume we can see some short term rally for EURUSD after bouncing from major support zone as well as JPYUSD.
US dollar seems like it can experience short term weakness and drop through out the market.macro structure is still bullish for dollar.Lets see If its gonna work out.
Always a student.

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.