Currently the Euro is moving sideways vs the US Dollar after a really strong uptrend from its bottom in March 2020 until the beginning of 2021. It is moving sideways, however it has lost some key levels and the uptrend seems exhausted. It went from Yearly R1 to Yearly P and bounced hard, playing the key pivots very nicely. However now it is breaking below the 300 DMA and another test of the yearly Pivot could give a short term bounce but nothing more than that. So to me the price either has to slowly go up after having a little dip here or if it start breaking lower, the real target is 1.15
Commento:
s3.tradingview.com/s...shots/5/50WoO6uZ.png First support held and we bounced. The USD has not broken out yet. At least it hasn't broken out on most pairs. It has shown strength it has gone up significantly... But we haven't had a proper breakout yet. Until I see a close above 93.5 on the DXY I am neutral
