• Confined in an ascending parallel channel since March 2020 (beginning of the Covid-19 pandemic)
• Bulls in control after easing of 10-Y yields
• Test of the descending trend line since 2017 on the table ( around 1.1880-1.18090) where also sits the 100 SMA
• Overall trend remains bearish
• Fundamentals in favor of the USD
• Bulls in control after easing of 10-Y yields
• Test of the descending trend line since 2017 on the table ( around 1.1880-1.18090) where also sits the 100 SMA
• Overall trend remains bearish
• Fundamentals in favor of the USD
Ramzi Abou Abdallah, CFTe, CMT
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