EURUSD, Another setup for the bears.

8 thg 3, 2023

EURUSD / 4H

Hello traders, welcome back to another market breakdown.

Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.

The scenario I'm looking at:
test back to the broken trend line.

Trade safely,
Trader Leo.

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