Going through the numbers, I still hold my strongest belief in the dollar in the long term, but EUR have been oversold, comparing to the macro economics, which isn't that bad. In the midterm I look for it to get over 1.08000. But first a short pull back to the 55ema, before continuing upwards.
Morning guys,
I'm sure many of you didn't expect to wake up and see me posting this chart.. As one of the biggest bears on the euro here on here alongside many others; it is only right to keep you updated with my outlook.
The end of the downtrend in the euro is around the corner, whilst there is little support below 1.04x a break below certainly unlocks...
the risk is not getting stopped out from the highs (1.08x) but instead it is getting married to the position; you noticed I have changed my outlook on the euro as I think the end of the downtrend is around the corner.
I am seeing a lot of frustration from some holding shorts and then the other side of the coin we have longs who are pleased that we may move away...
Good evening traders
This is no time to taper, simply because of the challenging inflation dynamics in the Eurozone. A premature taper, which a decision to this effect at this meeting would certainly only complicate the ECB's task of getting the EZ out of low inflation and fundamentally banishing deflation risk.
Some have been discussing scenarios that aim to...
Greetings,
Price reached an interesting position as you can see on the chart. I expect a corretion to the downside. Price still does have some steam so be cautious if you want to short this.
Goodluck
We are all waiting for the US figures coming out really soon. I have waited on this day all week, because EURUSD has shown a very strong bullish signal - yet I'm waiting to see what result Nonfarm and Unemployment is showing.
Price has hit a key daily resistance zone which was respected and made price have a pullback which we think will be completed at the .618 FIB zone. Will keep an eye out on this pair, after last weeks choppy price action we should be seeing a new trend form to the upside.
If this setups dosent work out than we are looking for the last FIB level of .786
Join our...
As I am sure you are aware the pair came up against the lower bound of the multi decade trend near the 1.03 handle late last year. It has also tested a descending channel limit on the daily chart around that time leading to an initial rebound.
It is important to realise that a larger correction is not expected so long as support at recent lows of 1.0350 remain...
Currently a pullback is taking shape, and eurusd is approaching the support at 1.0450, the 76.4% retracement of the rebound.
However, a larger correction is not expected so long as support at recent lows of 1.0350/1.03 remains intact.
I will also be posting a daily update of this pair due to the number of requests, please support these ideas by giving them a...
Depending on the number released later today from the US, it's going to either reverse on the previous low trend line, and become the rebound loft - or continue up. I believe in the former. Let it hit and reverse next week, when it passes the candlestick from the previous day, I'm going short.
