EUR/USD probably a fakeout!

FX:EURUSD   Euro / U.S. Dollar
Hey tradomaniacs,

"Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March."

Read more πŸ‘‰

This is the reason why I`m concerned about the US-DOLLAR-drop from last week and have the suspicion that we are going to see fakeouts. Do you remember the post about rising yields but the falling US-Dollar and that one of these charts is lying? If we see a continuation of higher yields we can expect US-Dollar to make a huge turn.

Also keep in mind that the entire rally during the corona-pandemic was based on the liquidity that has been provided to the market and that we could see more risk-off if the economy continues to cool down / stagnate while the FED is forced to fight inflation .

Here are some charts just with key-levels:

1️⃣ AUD/USD πŸ‘‰ 2️⃣ GBP/USD πŸ‘‰ 3️⃣ EUR/USD πŸ‘‰

I will patiently wait because fakeouts can cause huge momentum to the downside here as soon as finished!
Comment: We`ve traded this setup in our group

Comment: EUR/USD: Trade closed with +68 pips (+3,4%)βœ…

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