Like in 2017, where the runaway gap is at 1.08, you'll notice a runaway gap again at 1.13. It is a tell-tale sign of a long-term buy. The bearish strength is only temporary thanks to the energy crisis fears looming in Europe. All of these, in my opinion, is viewed as a temporary situation. It's not quite likely that EURUSD will visit $0.8 and below. I am waiting...
110 is a big resistance for DXY. It could slide to 96. The dollar is in a perfect upward trend, backed by souring war sentiments and inflation fears. Now there are looming recession fears, which could stop the Federal Reserve from hiking rates aggressively. The European Central Bank has said it is open to increasing interest rates. EURUSD buyers will get some...
EURUSD is a good buy backed by strong recession fears. The buyers side may benefit from a better situation in Russia and Ukraine. The ECB is keen to hike bigger interest rates, which means a smaller interest rate differential with the US.
EURUSD is a good buy. 1.13 is probably the next target. 1.00 is a very strong support. EURUSD bears must have a good reason to break this psychological level.
