EUR/USD Update:270 Pips achieved, last TP left
In my previous EURUSD Market commentaries, I recommened opening Buy Trades when price was at 1.1100. We have already achieved 270 Pips and only the last target is left.
I have mentioned that last TP is 1.1460
The Fed has delivered unprecedented amount of USD liquidity in the marked for the last 2.5 months.
This can potentially lead to a weak USD cycle over the next few years. In fact looking at pairs like AUDUSD , NZDUSD , USDCAD , GBPUSD , etc, it seems that USD has peaked and it will decline gradually against the other majors and event the Emerging Market currencies over the next few years.
The massive Liquidity injection by the Fed has already started to show the results and based on the current momentum, EURUSD could very well appreciate to 1.25 and beyond over the next few months.
This can potentially lead to a weak USD cycle over the next few years. In fact looking at pairs like AUDUSD , NZDUSD , USDCAD , GBPUSD , etc, it seems that USD has peaked and it will decline gradually against the other majors and event the Emerging Market currencies over the next few years.
The massive Liquidity injection by the Fed has already started to show the results and based on the current momentum, EURUSD could very well appreciate to 1.25 and beyond over the next few months.
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