Two continents are into a currency war - and 'nobody' knows about it, except me of course. LOL.
Have a look. I start off with a 15 min time frame and look deeper into macro-economic time frames and trends.
Overall the EUR has been weakening against the USD for quite a long time. The trend shows it - everybody can see it on the 3D time frame.
Trend-following traders and those who use the techniques will know that 'trend is more important than price'. (This does not mean that you simply look at a trend and make decisions on that alone).
At this point in time (only) based on the technical picture, I expect the EUR to weaken and head south on a large time frame.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Have a look. I start off with a 15 min time frame and look deeper into macro-economic time frames and trends.
Overall the EUR has been weakening against the USD for quite a long time. The trend shows it - everybody can see it on the 3D time frame.
Trend-following traders and those who use the techniques will know that 'trend is more important than price'. (This does not mean that you simply look at a trend and make decisions on that alone).
At this point in time (only) based on the technical picture, I expect the EUR to weaken and head south on a large time frame.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Comment:
Strange stuff!
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
