simonsays452
Short

EURO set for 50% retrace @ 1.1087 due to "risk-on" USD strength

FX_IDC:EURUSD   Euro / U.S. Dollar
155 0 1
In short:
  • US macro data just too damn strong to support ~10 years at zero
  • Fed will hike in September or the market will move the yield curve on its own
  • Euro is a funding currency and as a risk barometer will depreciate on broader "risk-on" sentiment
  • ECB uncomfortable with recent Euro             appreciation to near 2015 highs at 1.17ish - trotting out Peter Praet to talk Euro             down on deflationary risk concerns
  • Rejection of the over-extended move to the up-side will lead to an over-extended move to the down-side
  • Initially targeting 50% retracement @ 1.1087
  • Likely to see a breakdown through the lower support line of 2015's symmetrical triangle to the 76.4% fib retracement @ 1.0750ish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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