Long-term view of USD weakness/EU bullishness in place
USD is showing signs of weakness around many currencies. Using my style of trading, the DXY is likely to fall by the coming week as it's already overbought on higher tfs.
Long-term wise, this is the monthly projection for the EU as I've linked a much earlier post weeks ago to this idea suggesting EU to bounce off of 1.15-ish as it has. Up to this point, given that'it's STILL oversold and hasn't even left oversold levels. We could be looking at EU to go beyond 1.25 in the next couple of months. This may be my last post regarding EU as I've kinda lost faith in the USD and moving over now to gold. Hope all traders are in for a bullish ride on EU. Take care all of you.
Long-term wise, this is the monthly projection for the EU as I've linked a much earlier post weeks ago to this idea suggesting EU to bounce off of 1.15-ish as it has. Up to this point, given that'it's STILL oversold and hasn't even left oversold levels. We could be looking at EU to go beyond 1.25 in the next couple of months. This may be my last post regarding EU as I've kinda lost faith in the USD and moving over now to gold. Hope all traders are in for a bullish ride on EU. Take care all of you.
