EU shows very strong short signals, all the way to parity.
On Monthly chart, last candle is a shooting star with a big wick.
On Weekly you'll see a big red candle.
On daily, same shooting star candle, with a big wick.
Needless to say, that is a very bearish signal for EU.
Daily indicates the upcoming week, euro will go lower, could be very low, all the way to 1.07.
I expect EU to go 100pips lower the next day, meaning it will touch 1.09 at least.
Breaking below 1.10 means a sure opportunity to short EU.
Let's look at Technical Analysis:
RSI is convergent with the drop, and it has more to go.
MACD made a cross on daily, signaling a good opportunity to short, and is convergent with the current trend.
DMI shows it is at the crossing point where a bearish trend on daily is formed, and with ADX showing weakness of the bullish trend in the last couple of days, signals a good place to go up with the bearish trend.
CCI is convergent with the drop.
Price Action crossed below 50 EMA, indicating strong bearish signal.
It is clear all TA shows a very good shorting opportunity.
Let's look at Fundamental Analysis:
EURO has the following events to look out for:
Potential GREXIT, and even more, a BREXIT.
Grexit is very likely due to IMF leaks that hint at this possibility.
ECB monetary policy hints at buying a lot of bonds, and a more aggressive QE.
Most Fund Managers (like Soros, Ray Dalio) were betting on a euro fall, so the drop will make very big profits for these individuals.
And for the DOLLAR:
Potential Interest Rate Hike and QE simultaneously, probably to push up the stocks even more, before a big drop( I think S&P500 is overbought.
With all this, I can confidently say there is a very likely possibility of Euro going to parity in the next couple of weeks.
On Monthly chart, last candle is a shooting star with a big wick.
On Weekly you'll see a big red candle.
On daily, same shooting star candle, with a big wick.
Needless to say, that is a very bearish signal for EU.
Daily indicates the upcoming week, euro will go lower, could be very low, all the way to 1.07.
I expect EU to go 100pips lower the next day, meaning it will touch 1.09 at least.
Breaking below 1.10 means a sure opportunity to short EU.
Let's look at Technical Analysis:
RSI is convergent with the drop, and it has more to go.
MACD made a cross on daily, signaling a good opportunity to short, and is convergent with the current trend.
DMI shows it is at the crossing point where a bearish trend on daily is formed, and with ADX showing weakness of the bullish trend in the last couple of days, signals a good place to go up with the bearish trend.
CCI is convergent with the drop.
Price Action crossed below 50 EMA, indicating strong bearish signal.
It is clear all TA shows a very good shorting opportunity.
Let's look at Fundamental Analysis:
EURO has the following events to look out for:
Potential GREXIT, and even more, a BREXIT.
Grexit is very likely due to IMF leaks that hint at this possibility.
ECB monetary policy hints at buying a lot of bonds, and a more aggressive QE.
Most Fund Managers (like Soros, Ray Dalio) were betting on a euro fall, so the drop will make very big profits for these individuals.
And for the DOLLAR:
Potential Interest Rate Hike and QE simultaneously, probably to push up the stocks even more, before a big drop( I think S&P500 is overbought.
With all this, I can confidently say there is a very likely possibility of Euro going to parity in the next couple of weeks.
