reneordosgoitia
Short

Deutsche Bank/Eurozone crisis. End of Elliot Wave cycle.

FX:EURUSD   Euro / U.S. Dollar
202 0 6
Few days ago, the CDS for Deustche Bank went up with an strong movement. This is explained because the huge amount of receivable the bank has. The market had anticipated the CDS rise, if we see the price DBKD             , we can appreciate a solid momentum to the downside. So, this kind of problem, will bring disadvantages to the Eurozone, low GDP growth and low inflation , would be produced for the least consumers and industries confidence, so the ECB could contemplate to place negative interest rate, like the BOJ did. if we mix this scene, with a confused Yellen to handle the Fed Interest rate, is probably that the EURDUSD makes a significant downside movement.

In a technical way, we can see an finished in the impulsive structure, so now, we are looking for the short positions.
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