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Short

EURUSD: It''s very risky to hold LONG EUR position

FX:EURUSD   Euro / U.S. Dollar
1064 2 7
Before going detailed analysis, I want to send strong and deep condolences to Paris' victims and France : a member of Eurozone.

This week, US data return with US CPI             on Tuesday, some Mario Draghi speeches, and EZ CPI             on Monday are the main focuses.

I shared my view about USDollar             in the related ideas below, please check for more detail.

With what happens in Eurozone from economy to politics, I think Eurozone will continue sinking in crisis at least 5 years and likely EZ could be broken : that is the worse case.

Holding LONG position of EURUSD             is a bad idea, the diviergence between FED and ECB more and more is wider , and this will drive EURUSD             lower.

I still maintain bearish bias for EURUSD             till the year low at 1.04500

Look at on the chart, last week, EURUSD             bounced from the resistance 1.0800, this was a strong support and now it turns to a strong resistance. This week, I expect EURUSD             will fall to 1.04500

thanks for your info. Short and simple...
Keep the good work.
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thank so much
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