Hello traders , New month , new opportunities . Today I'm sharing my point of view concerning FX:EURUSD. This is not a financial advise , this is just my point of view and in any case should be used as an vehicle of investment . comment your point of view , please do like, comment & follow for more content .
Technically
Ay you can see EURUSD Is testing those 2017 lows . This area is in confluence with that massive demand level . By other side DXY IS sitting in a massive Supply zone by negative correlation if that area act , or any catalyst fundamental reason push DXY to correct , FX:EURUSD CAN REVERSE. As you know bottom fishing is an specific way of gambling , we must wait proper confirmation before even taking any kind of action , also because it might take time . just keep in mind that everything is possible and due to the fact that right now EURUSD IS cheap , it's a good deal to buy , not to sell
Fundamental
EUR BULLISH
ECB hawks are waking up
Energy emergency program could drive more flows to Europe
The only way is up for rates
The most important takeaway from ECB is its optimism
The Fed is more dovish than the ECB
The vibrant and robust economy may be in Europe
German Bunds set to head higher
ECB opens the door to squeezing bond buys if conditions improve
Lagarde calls that the downside risks are "less pronounced"
Lagarde's mentions of the exchange rate remain muted