EURUSD is in a longer term structural decline. Pockets of excellence in in the Eurozone continue to perform. Imminent fears are outcome of French Election.
Looking beyond that USD is still considered marginally bullish on the back of Q1 earnings season forecast.
Traders should be aware of Frexit concerns leading up to French Elections. in the coming weeks. However in my opinion this can only only amplify the downward trend.
My trading strategy would be to sell off on highs (H1 and H4) and take profit on lows. Volatilty is expected leading up to 23 April (election date),, which would present ample opportunities.
For the next week focus on trading the range, exit all trades before 23 April and wait for market direction after elections. No matter the outcome, I still remain bearish on a structural basis and also assuming Trump Hype does not affect the market to much.
Medium term I would recommend smaller lot sizes taking advantages of potential highs and wait for Q1 earnings season to unfold till at least about middle May. For the longer term traders should be aware of the Feds quantitative easing reversal and although US impacts could possibly factored in, the impacts on global markets is beyond my comprehension or should I rather say that rolling a dice could better predict the outcome.
In the short to medium term take opportune short positions.
Looking beyond that USD is still considered marginally bullish on the back of Q1 earnings season forecast.
Traders should be aware of Frexit concerns leading up to French Elections. in the coming weeks. However in my opinion this can only only amplify the downward trend.
My trading strategy would be to sell off on highs (H1 and H4) and take profit on lows. Volatilty is expected leading up to 23 April (election date),, which would present ample opportunities.
For the next week focus on trading the range, exit all trades before 23 April and wait for market direction after elections. No matter the outcome, I still remain bearish on a structural basis and also assuming Trump Hype does not affect the market to much.
Medium term I would recommend smaller lot sizes taking advantages of potential highs and wait for Q1 earnings season to unfold till at least about middle May. For the longer term traders should be aware of the Feds quantitative easing reversal and although US impacts could possibly factored in, the impacts on global markets is beyond my comprehension or should I rather say that rolling a dice could better predict the outcome.
In the short to medium term take opportune short positions.