After the 441-day correction that began after the start of the Russia-Ukraine war, the euro is correcting its sharp downward trend. In the middle of this correction, by hitting its 200-week EMA in the weekly time frame, it has attracted all eyes to see if this upward moving average is broken or not.
This point is very key because it can initiate a continuation of...
As you can see in the chart, the channel formed in the 6-month time frame can bring the index above 110 and strengthen the dollar against other currencies for a long time. The European energy crisis and the war in Ukraine can further strengthen the fall of the euro and other key currencies against the US dollar, and the breaking of this ascending channel for the...
