hpccrypto
Short

EURUSD longer term picture

FX:EURUSD   Euro / U.S. Dollar
55 views
1
55 0
If we can make our way to the recent swing low then i see no structure for 150 pips meaning a swift move 1.2050 might be on the cards.

Multiple technical and fundamental reasons for this play, central bank divergence, general ECB dovishness and lack of inflation , Bond spreads will all also contribute to this.

Net longs on EUR need to be unwound at some point also.

Conversly i think JP Morgan has a target of 1.3000 this year, we shall see.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out