EURUSD: Be prepared and sell at the high position
Updated
Yesterday, spurred by weak economic data and unfavorable CPI data, the U.S. dollar index fell sharply.
After today's slight rebound, I think the US dollar index has stabilized. Why do you say this? The reason is that the U.S. dollar index simply cannot continue to fall! If the U.S. dollar really falls, the chain reaction will be completely unbearable for the U.S. economy. This can easily cause major economic problems and lead to more accidents. Once this happens. It will be very detrimental to the U.S. election that has already begun (especially detrimental to the Biden administration). In order to avoid this happening, the U.S. dollar index cannot fall at will.
Therefore, what we need to pay attention to is when the U.S. dollar index will start to counterattack. Corresponding to EURUSD, we will choose the opportunity to sell short on highs today. Based on the market, we will give the following suggestions:
EURUSD: 1.0890-1.0900 range selling target 1.0870, 1.0850, 1.0830
After today's slight rebound, I think the US dollar index has stabilized. Why do you say this? The reason is that the U.S. dollar index simply cannot continue to fall! If the U.S. dollar really falls, the chain reaction will be completely unbearable for the U.S. economy. This can easily cause major economic problems and lead to more accidents. Once this happens. It will be very detrimental to the U.S. election that has already begun (especially detrimental to the Biden administration). In order to avoid this happening, the U.S. dollar index cannot fall at will.
Therefore, what we need to pay attention to is when the U.S. dollar index will start to counterattack. Corresponding to EURUSD, we will choose the opportunity to sell short on highs today. Based on the market, we will give the following suggestions:
EURUSD: 1.0890-1.0900 range selling target 1.0870, 1.0850, 1.0830
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