ridethepig
Long

ridethepig | Golden Cross for EURUSD

FOREXCOM:EURUSD   Euro / U.S. Dollar
๐Ÿ“EURUSD G10 FX Strategy

The analysis of this starting position shows us two important triggers to conduct additional entries to our long positions.


=> A flanking manoeuvre is underway, but also a quick-witted fundamental swing; the euro's transition towards a funding currency and eurobonds saves it from collapse. As long as this expectation exists, the euro is going to have large hands on the bid and sellers cannot administer any traps.

๐Ÿ“ Monthly Chartpack:




๐Ÿ“ EURUSD Technical Flows

Whatever may be the case, the macro flows are beautiful, as beautiful as the legend of Hamilton. The trigger in 1790 was Britain, for Angela Merkel its Covid. European politicians needed to use a crisis to apply pressure at critical moments. This contact with federalising the debt is a game changing concept and will give euro strength until the dollar devaluation is exhaust...Getting back in touch with the technical flows and our original starting position which is just as miraculous.


Eyes on 1.13 today, taking it with NY will open up 1.15 initial macro targets. This should allow sufficient light on further development of the romance in waves. All the more so, since w have already dug deeper into the live flows and revealed the most difficult secret of all, namely the art of when to marry and divorce positions.

Thanks for keeping all the support and feedback coming ๐Ÿ‘ or ๐Ÿ‘Ž ...
Trade active
Comment: A quick update on the flows here.

As long as 1.115x is holding we are in the status quo, only a quarterly breakdown would imply more chop to come.

Comment: And we are breaking...
๐Ÿ“Twitter: https://twitter.com/ridepigs

๐Ÿ“Telegram: https://t.me/ridethepig

Comments

Great Job!
+3 Reply
ridethepig sportflow365
Thanks so much @sportflow365
+1 Reply
Nice charts. I noticed something similar about the 2009 similarities to this year with DXY and EU. Again nice charts.

+2 Reply
ridethepig mortdiggiddy
@mortdiggiddy You are of course right to mention 2009. Although the caveat comes with Fed moving away from Keynesian economics this time as they know it wont work... while across the Atlantic eurobonds will continue to act as the main price driver in EURUSD - debt mutualisation is the only way to save the currency incentivising capital to repatriate and cover losses everywhere.
Reply
mortdiggiddy ridethepig
@ridethepig, Right. During that time it will be a central bank war all over again to be the winner of devaluation the fastest.
Reply
Hamilton!
+2 Reply
any changes?
+2 Reply
ridethepig kalfaxxx
Not unless we lose 1.115x @kalfaxxx
+1 Reply
Don't see so far as you do in your analysis. Anyway, same thing, seeing Eur going to 1.2 but not from this level. Expecting pullback in price, and rally from 1.09 level.



Keep up good work man! Appreciating your work!
+1 Reply
ridethepig Makakvibre
A very clean chart @Makakvibre... I like this one
Reply
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