Sforex
Short

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

FX:EURUSD   Euro Fx/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

ChatchaiVong
a year ago
thank so much
Reply
hlmachado
a year ago
thanks for your info. Short and simple...
Keep the good work.
Reply
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