Economically the FED has become HAWKISH to raise INTEREST RATES.

Although, the fact is that they haven't yet. 

So the tune in the air might still be the same that the USD will continue to fall. 

When they do start to raise interest rates then that might change up a few things but lets see what happens. 

What is your edge or trading plan to telling you to do? 

This where we can potentially use economics to anticiapte the likeness of something to happen next but don't marry the idea. 

Follow the price and what market is doing. Allow the market to tell you what to do, not the 'Greatest Economist in the world'

You are a trader, looking to take advantage on the price movements. 

Look for the false break out on the EUR/USD if the price falls below 1.1690 then we can say the EURO dollar and the USD have changed sides. 

Looking at the MACD it looks like it is about to change direction and the move to the downside is over. The MACD is the best indicator to help gauge turning points on currencies. 

As we can see the MACD is about to turn around and show BULLISH DIVERGENCE. 

EUR/USD - Has the dollar change sides?

Jun 25 2021

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