Following the bearish bias on USD and the expecting of EUR strength in December duo to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating plan A and B.
For both plans the hard exit at 1.2160
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
Possible vaccine to covid
Seasonality
End of the year
Low interest rate and possible more stimulus packages
For both plans the hard exit at 1.2160
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
Possible vaccine to covid
Seasonality
End of the year
Low interest rate and possible more stimulus packages
Trade chiuso: obiettivo raggiunto:
HIT 1.2160