Kumowizard
Short

Bearish continuation.Keep on selling, think about broad effects

FX_IDC:EURUSD   EURO / US DOLLAR
123 2 4
Daily:
- Ichimoku setup is confirmed bearish
- After brief retest to Kijun and broken trendline , Heikin-Ashi signal is bearish with increasing momentum again.
- EWO             is bearish , value is going more negative.

4H
- One candle ago I posted on Twitter that it was right about to break a perfect triangle.
- Now all setup and price action is confirmed bearish!

Hold shorts and keep on selling EURUSD! Leverage up!


Notes:
1. If USD gains more strength, seriously, we can not think it is gonna be good for EM and US equities in the long run. It will kill US corporate earnings .
2. On the other hand, lower EURUSD             means kind of monetary easing done by Mr. Market for Europe. Ergo European stocks may have a reliefe for some time.
3. If EURUSD             goes lower, neither the ECB will be under so much pressure to increase QE immediately. -> Can be bearish for overbought bonds. Sell German 10y Bund!
Or not.... strange price action.
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Or yes... big fight. I don't really understand the reason why anyone is buying EURUSD, unless they want to protect some 1,10 barrier. Certanly there is a big fight.
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