UnknownUnicorn572474

UnknownUnicorn572474 Updated 

Recent months have seen tight descending consolidation on EUR/USD. ATR is at critical lows in preparation for a large move. Based on the direction of consolidation and the multi decade support line, my position is long for a return to the top of the channel.

UnknownUnicorn572474 Updated 

Deductive Thoughts: Global interest rates continue their decline towards zero. Soon, most major economies will be under the pressure of deflation. On the one hand, negative interest rates have shown to be not viable to boost inflation , risking a debt crisis of the private sector piling up "free" loans. On the other hand, quantitative easing also shown to be not...

UnknownUnicorn572474

Looking for consolidation today with a move up tomorrow and a break by Wednesday.

UnknownUnicorn572474 Updated 

Deductive Thoughts: Global interest rates continue their decline towards zero. Soon, most major economies will be under the pressure of deflation. On the one hand, negative interest rates have shown to be not viable to boost inflation, risking a debt crisis of the private sector piling up "free" loans. On the other hand, quantitative easing also shown to be ...

UnknownUnicorn572474

See the chart.