📊 Euro Strong vs U.S. Dollar (Bullish Signals)

➖ The EURUSD started to recover after hitting a low September 2022.
➖ This recovery wave ended July 2023.
➖ The subsequent correction stopped short of hitting the 0.5 Fib. retracement level relative to this wave, this is a signal of strength, the fact that it bounced before hitting 0.5.
➖ The bounce is followed by strong green candles, rising volume and a strong RSI.
➖ Trading above EMA10/21, EMA50 and EMA100.

👉 This is a long-term timeframe, the Euro has potential to grow long-term against the dollar.

Conclusion

The Euro is set to hit levels not seen since late 2021, it seems money printing will be going wild in the USA. Or the chart is just pointing towards a weaker dollar in general in 2024.

Namaste.