RW10

Food for thoughts 14-03 (EUR/USDT)

BINANCE:EURUSDT   Euro / TetherUS
Even though the EUR/USD chart is leading in determing what the price will do, which closed at 1.1952, I keep a close eye to the EUR/USDT chart and how it reacts during the time the markets are closed. As a European citizen, i'm a bit worried about the EUR/USD price.. If it sores up to, 1.30/1.40, a lot of revenue will go up in smoke.

FA (not my own analysis tho) tells us that it is likely the Euro will outrun the Dollar in the next year, but ST I saw a lot of bearish charts, which spoke of a descending channel. Turns out, it was more of a falling wedge. Blue lines indicate R/S. I'm curious what the price action will be, when the EUR/USD market opens.

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.