The EURUSD pair has seen a much awaited downturn supporting the DXY's move back up to 92. However, with inflation rates projected to be on the rise with a recovering job market in the US, the assumption of near term weakness in the Dollar provides a good trade. I expect that between a US stock market coming off of lows and the German stock market sitting on highs, this trade can play into the inverse of currency exchange rates and equity pricing. That said, this week is going to likely be very volatile for the pair with big news releases expected to impact both of these currencies.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.