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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out