Euro / DollaroLong
EURUSD breaks long-term resistance, target 1.2568!
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The dollar index was further lower today, with the next support at 92.00-91.00, and the dollar index could rebound near 91-92.
But the dollar index of medium and long-term prospects have deteriorated, raising interest rates has not influence on market structure, shrinkage table manner is the most conservative passive table, America's current monetary policy can no longer be a support to the dollar index.
But the outlook for the euro zone has begun to improve, the economy is recovering, economic data is improving, and political risk is fading.
There is reason to believe that the ECB will have a more explicit stance on monetary policy by the end of this year, which is good for the long-term rise of the euro, which is also an important reason for me to be bullish on the euro.
But the dollar index of medium and long-term prospects have deteriorated, raising interest rates has not influence on market structure, shrinkage table manner is the most conservative passive table, America's current monetary policy can no longer be a support to the dollar index.
But the outlook for the euro zone has begun to improve, the economy is recovering, economic data is improving, and political risk is fading.
There is reason to believe that the ECB will have a more explicit stance on monetary policy by the end of this year, which is good for the long-term rise of the euro, which is also an important reason for me to be bullish on the euro.
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