Eur/Usd->FUNDAMENTAL AND TECHNICAL OVERALL UPDATE-
Hey Traders,
If you have checked my last video analysis, you will figure out that played very well , so stay tuned for more if you agree with my point of view about economical issues and analysis that walking through.
TECHNICALS :
We caught the BUY for euro/usd and we run on profits.
Also, for this chart on daily time frame we apply MA 200 and the price is execute below this MA so the long bias remain SELL (i will update on comments my view on daily for more clarity).
On H4 we are looking for entry trigger (and for best result move down on H1) ,
Wait EMA'S for crossover (the 26 and 12) , and the sell orders that came yesterday and the volume about today .
If we close on H4 above the Trend line -Resistance we will have break out and we will looking for short term BUY.
But also in this time we can open the best Sell if its Fake out.
FUNDAMENTALS:
'The eurozone faces sleepwalking into a downturn' Financial Times Monday (17/December)
Bad News : The QE was not nearly as successful in achieving the primary goal of raising official inflation rates in the eurozone.
Secondly, the other bad news is that the net asset purchases are ending this month (the QE has done the job of establishing the eurozone economy during crisis).
Third and most bad news about eurozone is that the ECB has a record of optimistic forecasts in the past.
We are in a bear market for equities, also there is a strong probability that US Donald Trump will slap a 20 or 25% tariff on European cars.
I want to put more info in this chart, Mr. Draghi will this time not be in a position to come to the rescue as he did in 2012 and 2015 , the interest rates will stay stable until the summer but possible rise afterwards.
In the end , i want to mention that the Italy problem trying to calm but the parliament must vote on Brexit now every day counts.
In USA until 2020 Trump will have powers after that comes the bad news.
Trader : John Vasilopoulos -Olympus CapitalGroup
If you have checked my last video analysis, you will figure out that played very well , so stay tuned for more if you agree with my point of view about economical issues and analysis that walking through.
TECHNICALS :
We caught the BUY for euro/usd and we run on profits.
Also, for this chart on daily time frame we apply MA 200 and the price is execute below this MA so the long bias remain SELL (i will update on comments my view on daily for more clarity).
On H4 we are looking for entry trigger (and for best result move down on H1) ,
Wait EMA'S for crossover (the 26 and 12) , and the sell orders that came yesterday and the volume about today .
If we close on H4 above the Trend line -Resistance we will have break out and we will looking for short term BUY.
But also in this time we can open the best Sell if its Fake out.
FUNDAMENTALS:
'The eurozone faces sleepwalking into a downturn' Financial Times Monday (17/December)
Bad News : The QE was not nearly as successful in achieving the primary goal of raising official inflation rates in the eurozone.
Secondly, the other bad news is that the net asset purchases are ending this month (the QE has done the job of establishing the eurozone economy during crisis).
Third and most bad news about eurozone is that the ECB has a record of optimistic forecasts in the past.
We are in a bear market for equities, also there is a strong probability that US Donald Trump will slap a 20 or 25% tariff on European cars.
I want to put more info in this chart, Mr. Draghi will this time not be in a position to come to the rescue as he did in 2012 and 2015 , the interest rates will stay stable until the summer but possible rise afterwards.
In the end , i want to mention that the Italy problem trying to calm but the parliament must vote on Brexit now every day counts.
In USA until 2020 Trump will have powers after that comes the bad news.
Trader : John Vasilopoulos -Olympus CapitalGroup
Comment:
