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wesleyterpy
Aug 6, 2020 4:12 PM

EUR/USD TO DROP?? Short

Euro Fx/U.S. DollarFXCM

Description

EUR/USD has been on a strong uptrend in the past 6 weeks due to a weakening US Dollar. It is in the middle of major supply and demand zones however it is hitting a 12 year strong downward trendline. With the US potentially introducing another stimulus package to help the American economy which would help strengthen the US Dollar, I think EUR/USD will fall. It is very tough to go against this strong uptrend however.

Let me know what you guys think.
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