Disliked{quote} EURUSD has not changed it's trend which is bearish. It is clearly bearish on a daily, weekly and monthly. Macroeconomics fundamental analysis clearly shows that EUR remains bearish. They are not hiking rates yet, compare to inflation much higher in USA but USD is looking to hike rates and taper in order to lower inflation, which it will happen possibly early March.2022. It is not a strong move up, it was just a pullback up for institutions waiting for liquidity for everyone to load their longs, and for them to load their short positions....Ignored
There are short term trends, intermediate trends, and long term trends. It's true that USD is stronger, but what you appear to be describing is long term. I am thinking EURUSD could be in the process of playing out an intermediate bullish trend. Time will tell.
You don't know because you don't ask.
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