Long EURUSD, Swing/Macro Trade

FX:EURUSD   Euro / U.S. Dollar
With the ECB set to start tapering their Quantitative Easing next year, it could mimic the reaction that the dollar went through, when the Fed signal that they were about to tapper. Current price action is also similar to what this pair went through from 2000-2002.

FED (Quantitative Easing) > BOJ (Quantitative Easing) > ECB (Quantitative Easing)

By the above order, we have seen rampant strength in the currencies when the Quantitative Easing program has reached its limits. We got an extremely strong USD since 2013, yen strength starting to show up the start of this year, and I believe Eur is going to be next, for 2017.

Trade Idea, Long EURUSD             , @1.07
SL, 1.0489
TP: 1.22 approx. (50% fibo retracement level of fall from 1.4 to 1.05)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out