In this Chart I want to put to you my views on what I think can be the 3 possible scenarios having in consideration these 3 macro economical actors that can play a decisive role in the direction of this pair.
if you are investing, opening positions or you have positions already opened in this pair. You need to consider these actors in order to predict the movement of the price of these 2 giants currencies.
another actors that I haven't considered are:
The SNB and the CHF role in the influences played over the Euro
The Greek Crisis that continues to take a hit
The new Migrant Crisis that is threatening the strength of the European nations.
The constant attempts for Turkey to become an EU member and the coming negotiations
The increasing protagonism of Russia in the European and international economical situation.
The Rio Olympics and the outcome of what could be the worse crisis of this institution in its history.
The Increasing concern of Terrorism within the Eurozone
AS you can all see, the Macro Economic Actors that I have left out are SOOOO many that if one of them takes a slightly more important role of the coming months this will obviously change my views... but for now that's as much as I have consolidated to make my view...
In the end, you have to make your call :)
Let me know what do you think in the comments below!
if you are investing, opening positions or you have positions already opened in this pair. You need to consider these actors in order to predict the movement of the price of these 2 giants currencies.
another actors that I haven't considered are:
The SNB and the CHF role in the influences played over the Euro
The Greek Crisis that continues to take a hit
The new Migrant Crisis that is threatening the strength of the European nations.
The constant attempts for Turkey to become an EU member and the coming negotiations
The increasing protagonism of Russia in the European and international economical situation.
The Rio Olympics and the outcome of what could be the worse crisis of this institution in its history.
The Increasing concern of Terrorism within the Eurozone
AS you can all see, the Macro Economic Actors that I have left out are SOOOO many that if one of them takes a slightly more important role of the coming months this will obviously change my views... but for now that's as much as I have consolidated to make my view...
In the end, you have to make your call :)
Let me know what do you think in the comments below!