Sforex
Short

EURUSD: Test the convergent point: What next ?

FX:EURUSD   Euro Fx/U.S. Dollar
404 2 4
Like I said in the related ideas, I saw EURUSD             test 1.1100 level as my expect.

Market is pricing for a rate hike decision from FED in ths month, and ECB tone is still very dovish and they lowered GDP forecast in this year.

That why I believe EURUSD             is contnue under suffer.

Look at on the chart: A trend line support: and 1.0800 is a strong support.

I think EURUSD             will test 1.0800 support next week.
Patladj.
a year ago
USD shorts heavily now approaching. In this case it doesn't matter what ECB will do. Now even FED doesn't matter what will do. The future developments on the markets are already predetermined. It's a "new economic boom", next cycle of heavy investing and credit expansion. It is unrelated to small decisions like rate hikes and and "being dovish". IT's just the cycle of fears and expectations in people's minds :) Deflation fears has ended on Dec 2014, confirmed on March 2015
Reply
Patladj. Patladj.
a year ago
https://www.google.com/trends/explore#q=deflation
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out