EURUSD has been hammered in 2022, the fed will have a more dovish tone towards the end of the year. Seasonality is driving a Dollar rest at the moment. The last COT report showed a slight long bias on the EUR With no new long being added on the USD. Looking for USD to push down into the Daily OB (Bullish) which aligns into a discount zone for the bulls to push this back up back to take the previous swing high, to start breaking down in 2023. I'll wait COT data to support this short bias. looking at the time of year I don't expect high volumes for the remainder of the year. Range trading should now be the plan.
looking at the last break of structure EURUSD should go up this week as the week started of bearish (accumulating longs) Seasonality suggests strong USD in Q1 of 2023
looking at the last break of structure EURUSD should go up this week as the week started of bearish (accumulating longs) Seasonality suggests strong USD in Q1 of 2023
