TradersClub
Short

EURO DOLLAR. Where to next?

FX:EURUSD   Euro Fx/U.S. Dollar
The Euro             is definitely looking lower, the big question is, how much lower? The Euro             zone could benefit from a lower priced Euro             , this will boost German and French exports. In Greece it is unlikely Syriza will win an outright victory in the Elections so perhaps a coalition is on the cards which may not have an impact on the Eurozone at all. On the other hand demand is still lower and more stimulus will follow even a potential rate cut, so longterm I am not a Euro             Bull .

The order flow clearly says short. The Euro             is a extended 5th wave so the short side is dominant with volume to back the sell off. A reaction is expected between 1.1957 and 1.1930 on the long side but will it hold? A break will expose those lows close to parity, 1.1387 becomes a possibility and yonder...
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out