I'm sure many of you didn't expect to wake up and see me posting this chart.. As one of the biggest bears on the euro here on here alongside many others; it is only right to keep you updated with my outlook.
The end of the downtrend in the euro is around the corner, whilst there is little support below 1.04x a break below certainly unlocks parity; I am expecting an active weekly open from Europe with the US remaining choppy until fed.
Gold is marching deeper with the hikes play whilst Euro is chopping in same area with the map clear as day for FED... strange you may think?
We have risk all over the place with risky european elections, UK about to jump in the abyss and the never ending populists leading the pack. BOE overstayed low rates that inflation is already hitting deep in the UK, finally getting back to norm in EZ.
1.048x is the rain maker to the short side, until we take out 1.09 then we must give bears the benefit of the doubt; I am starting to scale in longs already as retail doesn't even smell whats going to happen next. Soon we will see how it pans out when the honeymoon ends.
Choose your positions in the comments below; please only one call and one side, I will pick a few of your calls and track the flow
banker
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1.087 about to get taken
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congratulations to all those who took this position, taking profits off the table over the past few as ahead of French election risk.. once this is cleared will be looking to re position accordingly, stay tuned for next euro chart. Thanks.
Trade closed: target reached
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Well done to all those who took part in this swing, a very simple ride so far - enjoy!
Anybody could could post that chart and claim to be right for years in advance . Do you have a clue to what is going to happen in the future ? Really buy between 105132 and 103028 . Maybe if you said buy between 10400 and 10350 I would have some respect for your educated guess . Thats mine . But a 210 point margin of error a 10 year old could that .
UnknownUnicorn615812
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@trying210, I was drunk when I posted this . I expect to see the exact opposite of the DXY bottom of 2008 to happen . It took 87 days to get there in 2008 . the French election takes us to 89 days ( fibo #). Around there should be the bottom .
UnknownUnicorn228628
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@trying210, lmao
nakg3
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@trying210, Look at it now :)
AmmenLee
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@trying210, ahahahahahahahaha. have a looksie now
edlund2005
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Slow and weak until now. Was a bull trap on Friday?