Yes, FED is printing a lot. But sometimes the markets don't make sense. But COT numbers say that USD Rally is possible.
100% of all FX Wall Street forecasters predicted a weaker dollar in 2021 and positions reached record short levels in the dollar. If this breaks, a new macro regime is in play.
hi thanks for sharing, does it mean for right shoulder will touch the trend line around 13aug only?
also do you see for next 2 days USD may be down and hence eurusd may be up and however short term bearish ?
Mihai_Iacob
⋅
I got a similar view
UnitedSignals
⋅
Nice chart, cheers!
jojofang0901
⋅
Yea agree with the bearish price action to continue :) thx