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UnknownUnicorn266486
Mar 6, 2019 3:12 PM

The most BEARISH news for EURUSD couldnt bring it down, tgt 1.18 Long

Euro Fx/U.S. DollarFXCM

Description

Leaks of a new TLTRO program came out today yet the price remained strong. At worst this should worry dollar bulls.
Comments
Boon2
Just putting it out there, do you think this is at all possible?
EURUSD W1 Z Down, Parity Here We Come!
Erland
@Boon2,
That is hardly possible. With US debt and Trump who does not want strong dollar - 1.06 is lowest we go. And we buy to 1.5 from there or possibly even 1.8 in 10 years time (i do not hold positions that long)
UnknownUnicorn266486
Great chart @Boon2, I think the world would be a very dark place if that were to materialize so I do hope you are wrong. Unfortunately, I don't have enough conviction into the future to make a bearish call as such right now!

I would add that today's massively bearish action is based upon the ECB's new TLTRO program announced today. Only yesterday the Fed members were discussing negative rates so it is likely to be a battle of relatives into the future.
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