EUR/USD - Bias Reversal into intermediate term longs to 1.0940
Market is reversing out of Dollar strenght as of last Friaday 3/11,on softer economic data out of the US. A serries of such soft economic data is expected to recurr intoend of year to convince the FED that its short term interest rate regime of holding higer rates longer is unsustainabe.(remember the FED is data dependent).
It becomes therefore advised to move out of Long Dollar positions & Bias, and long against the Dollar buying Euro Dollar, and Sterling Dollar.
This video details the intermediate term prespective for longs in the Euro dollar from current levels.
Profitable Trading
Summerset
It becomes therefore advised to move out of Long Dollar positions & Bias, and long against the Dollar buying Euro Dollar, and Sterling Dollar.
This video details the intermediate term prespective for longs in the Euro dollar from current levels.
Profitable Trading
Summerset
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