SELL EURUSD
Fundamental analysis :
The USD is strong and I repeat there is no current alternative to the USD: For investors the interest rates are very attractive and the risk of placing your money in USD to date is very low because the risk of recession is low (economic data rather good). The EUR is under pressure because it is in a period of stagflation.
Technically:
- The price is at the top of a bearish channel
- Resistance zone
- Correction to 0.618 of the last bearish impulse
I would like to see a BOS in LTF then a retracement to enter the position.
Retail sentiment: 66% on sale.
I will be careful because from experience I do not like trading EURUSD.
The USD is strong and I repeat there is no current alternative to the USD: For investors the interest rates are very attractive and the risk of placing your money in USD to date is very low because the risk of recession is low (economic data rather good). The EUR is under pressure because it is in a period of stagflation.
Technically:
- The price is at the top of a bearish channel
- Resistance zone
- Correction to 0.618 of the last bearish impulse
I would like to see a BOS in LTF then a retracement to enter the position.
Retail sentiment: 66% on sale.
I will be careful because from experience I do not like trading EURUSD.
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