What is going on between this love relationship between the US Dollar index and the EURUSD. As you know US Dollar Index consists of upto or about 57% of EURO currency in weighting depending on which formula you are using. So any disease that USD catches will affect the EURUSD a great deal. Right now Mr. US has " syphilis " and Lady EURO does not want anything to do with him. She is running as fast as she can but for how long ? Anyway this relationship is complicated ? Mr. US needs a Doctor really fast.
Below 87.00 then the rest of the world starts feeling the heat on their currencies being to strong against the US and that's bad for Trade. They need weaker currencies against the USD to sell within US Economy and make profits.
We are all drunk with this cheap USD being offered but for how long ? somebody has to pay the price finally . Anyone ?
Go LONG: --- Anywhere below 88.00 but remember he is suffering from "Syphilis" , be careful .
TP: --- I will leave this to you , but it will be a long run once it starts. Get yourself a Bugatti Chiron and put your seat belts on , its going to be bumpy ride since somebody or one of the major Players ( Banks or Hedge Funds with Fat Clients ) is juicing the pump or protecting a loaded options bet for EURUSD at around 1.2000 and also above 1.2700 . Once those expire , then its decision time.
Below 87.00 then the rest of the world starts feeling the heat on their currencies being to strong against the US and that's bad for Trade. They need weaker currencies against the USD to sell within US Economy and make profits.
We are all drunk with this cheap USD being offered but for how long ? somebody has to pay the price finally . Anyone ?
Go LONG: --- Anywhere below 88.00 but remember he is suffering from "Syphilis" , be careful .
TP: --- I will leave this to you , but it will be a long run once it starts. Get yourself a Bugatti Chiron and put your seat belts on , its going to be bumpy ride since somebody or one of the major Players ( Banks or Hedge Funds with Fat Clients ) is juicing the pump or protecting a loaded options bet for EURUSD at around 1.2000 and also above 1.2700 . Once those expire , then its decision time.