EURUSD Still Underway to 1.1500 and may extended to 1.2000
As previously forecasted, the USD U-shape band indicates to bullish to 1.1400/1.1500 and the current performance indicate the possibly of extension to 1.2000. It is predicted for FED and ECB to maintain the EURUSD medium term target zone for about 10 % by Louvre Accord.
The extension to 1.2000 on EURUSD however is subject to equilavent extension of USDJPY to 102.00 to be maintained by FED and BOJ as indicated by the USD U-shape band and the FED and SNB may limit the USDCHF to 0.9100/0.9200 or slightly lower. At such, the medium term price stability of the EURUSD is subject to the medium term price stability of USDJPY and USDCHF in medium term, and/or their final rates is based on their average traded weighted rates at the upper ceiling on EURUSD and the lower ceiling of the USDJPY and USDCHF.
The commodity currencies, AUD, NZD, CAD and GBP are fluctuated interior their equivalent target zones by the central rate/target rate/central parity of the USD, EUR, JPY and CHF. At such, their prices to USD, EUR, CHF and JPY is based on their equivalent central parity rates by intraday, weekly, monthly, short term and the medium term.
Long trade on EURUSD still feasible by entering the market from the central parity of USD and the equivalent central parity of EUR by intraday during the European or US session to target the bullish price dynamics. The intraday central parity during the European or US session will be consistently to align, realign and continuously to realignment to upward by establishing weekly, monthly and short term target zones until the 1.2000 to be reached.
The EUR multilateral band also indicates that EURAUD, EURNZD, EURCAD and EURGBP already turned to upward and bullish in parallel to the bullish on the EURUSD U-shape band. At such, long trade on EURAUD, EURNZD, EURCAD and EURGBP is preferable for intraday, weekly, monthly and short term.
The long trade on EURAUD, EURNZD, EURCAD and EURGBP shall be entered from the average traded weighted rates of the USD and EUR central parity on EURUSD with the central parity of the EUR to AUD, NZD, CAD and GBP. Their measured central parity during the Asian and European session by intraday must be or "have to be" align, realign and continuously to realign to upward to establish weekly, monthly and short term.
Risk Management:
The central parity of the EURUSD must be align, realign and continuously to realign to upward during the US session and the central parity of the EURAUD, EURNZD, EURCAD and EURGBP must be align, realign and continuously to realign to upward during the Asian and European session. At such, stop loss positions of all long trades could be adjusted by daily near to the aligned central parity of the intraday and to hold the trade to target the weekly, monthly and short term to manage the trading positions to risk-free. Thus, it is possible to manage risk-free trading position in one day to target the weekly, monthly or short term by adjusting the stop loss positions near to the aligned intraday central parity.
The extension to 1.2000 on EURUSD however is subject to equilavent extension of USDJPY to 102.00 to be maintained by FED and BOJ as indicated by the USD U-shape band and the FED and SNB may limit the USDCHF to 0.9100/0.9200 or slightly lower. At such, the medium term price stability of the EURUSD is subject to the medium term price stability of USDJPY and USDCHF in medium term, and/or their final rates is based on their average traded weighted rates at the upper ceiling on EURUSD and the lower ceiling of the USDJPY and USDCHF.
The commodity currencies, AUD, NZD, CAD and GBP are fluctuated interior their equivalent target zones by the central rate/target rate/central parity of the USD, EUR, JPY and CHF. At such, their prices to USD, EUR, CHF and JPY is based on their equivalent central parity rates by intraday, weekly, monthly, short term and the medium term.
Long trade on EURUSD still feasible by entering the market from the central parity of USD and the equivalent central parity of EUR by intraday during the European or US session to target the bullish price dynamics. The intraday central parity during the European or US session will be consistently to align, realign and continuously to realignment to upward by establishing weekly, monthly and short term target zones until the 1.2000 to be reached.
The EUR multilateral band also indicates that EURAUD, EURNZD, EURCAD and EURGBP already turned to upward and bullish in parallel to the bullish on the EURUSD U-shape band. At such, long trade on EURAUD, EURNZD, EURCAD and EURGBP is preferable for intraday, weekly, monthly and short term.
The long trade on EURAUD, EURNZD, EURCAD and EURGBP shall be entered from the average traded weighted rates of the USD and EUR central parity on EURUSD with the central parity of the EUR to AUD, NZD, CAD and GBP. Their measured central parity during the Asian and European session by intraday must be or "have to be" align, realign and continuously to realign to upward to establish weekly, monthly and short term.
Risk Management:
The central parity of the EURUSD must be align, realign and continuously to realign to upward during the US session and the central parity of the EURAUD, EURNZD, EURCAD and EURGBP must be align, realign and continuously to realign to upward during the Asian and European session. At such, stop loss positions of all long trades could be adjusted by daily near to the aligned central parity of the intraday and to hold the trade to target the weekly, monthly and short term to manage the trading positions to risk-free. Thus, it is possible to manage risk-free trading position in one day to target the weekly, monthly or short term by adjusting the stop loss positions near to the aligned intraday central parity.
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