Trading2ez

EUR/USD probably a fakeout!

Short
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‘‰ https://www.investing.com/news/economy/a...


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…
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.