YaKa

EURUSD - Upside Posture for 12 months

FX:EURUSD   Euro Fx/U.S. Dollar
530 0 8
EURUSD             just marked a local             bottom.

The structure of EURUSD             behaviour suggests that it could stay in upside posture for a long while (be it mellow).

Fundamentally, the entrenched idea is that ECB is at the inception of its QE and the FED about to raise rate. Any change in that mix would considerably change the picture.

The strategic positionning seems to be short EURUSD             . That could generate squeezes if there is any surprises.

Conclusion:
- The bottom could be in place.
- 1.20 could be reached in zigzag .
- A new bottom at 0.90 could potentially be reached but probably at a much later date in 2017/2018.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out