ridethepig

ridethepig | Eurobonds Positional Play

Long
FOREXCOM:EURUSD   Euro / U.S. Dollar
The latest news from Germany and France "federalisation of the debt" - a prerequisite for survival of the euro . The trigger for Alexander Hamilton in 1790 was Britain, for Angela Merkel its Coronavirus.

So we are gradually getting round to what is an important component in the process of formation in the currency. Like a trojan horse, Eurobonds are being pushed in from the mounting political and geopolitical pressure. The initial 500bn EUR will still require approval from the block, and may not be a huge sum considering a historic crash, however it is an incremental step in a positive direction. It is not really about the effectiveness of the implementation, and this is decided from completely different factors and distribution is not that clear.

The isolated highs in USD which we have been tracking illustrates the future direction for the greenback:


After the latest news I am switch sides in the short-term bearish view, rather starting to track the breakout to the topside. A move through 1.10xx highs will unlock the topside and put scaffolding around the short-term bullish view. The MT and LT outlook could see us grind all the way back towards 1.20xx in a relatively short period of time.



I am certain that in a few years, nobody will consider surrendering their euros for dollars. The disappearance of dollar dominance will open the way for a new and brilliant development of Europe and - the east. Let me say a few more words about the birth of the view; it is closely linked to the collapse of Globalisation...



Vaccine optimism is flooding the wires, the dedication of politicians to sell the re-openings is very telling of the extent of damage that has been done. All rainbows and empty promises from the consultations I've had with experts in the field. The following chart shows how devastating the economic damage has been on the US labour market, Equities rallying all the way back in such a short period of time in a V shaped bounce is not an accurate reflection of reality:


Trade active
Comment:
Comment: We are approaching the initial 1.149x / 1.150x targets ... eyes on payrolls today and 1.125x for the last loading area in this initial move!
Comment:
Comment: A great bounce from 1.124x as expected...

Comment: A final push here before killing FX markets for the summer?
Comment:
Comment: ..and we are breaking
Trade closed: target reached: ...and starting to clear first targets as 1.1446x is hit! Well done all those who are riding this pig...
Comment:
Trade closed: target reached: ..and we are starting to clear final targets on the test of 1.195x! Well done all those who caught the moves, it's time to trail all stops for longs in case of the lottery tickets towards 1.25 (very small chances for 2020).

Related Ideas

Comments

here is what I will be looking at on eurusd
+1 Reply
oh my god. I want to be the same as you in trading. lovely teacher.

please accept me as a student and tell me how can learn professional subjects and any required subjects
i only follow your ideas on tradeviw.

I envy you and would love to be your student

god bless you.
Reply
What is the current idea now? We are in a special situation tnx
Reply
The market behaved the same way you said. Really amazing
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thank you
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Welcome @DrXoX
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what about cryptobitcoin!!!
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ridethepig Dashtothetop
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why when US passescoronavirus stimulus it weakens the dollar and when Europe passes stimulus it strengthens the euro?
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