TheBanker
Long

EUR/USD - Pandora's box is open

OANDA:EURUSD   Euro / U.S. Dollar
In all ordinary circumstances my advice here would be to buy at market within proper limits of risk mgmt. We are entering at the bottom of a wide range in EURUSD which will require a large purse and strong nerve.

For the sake of transparency, here we are assuming the dollar leg has finished and we are trading a pullback towards the middle of the range, timing wise the next short term line in the sand is ECB's meeting at the end of May. Here we may be opening the tomb of a great swing ahead into the 1.33+ levels.

Inflation has slowed in both the Eurozone and the US, here lies the danger to my thesis. Failure from the ECB to end their QE programme this year will short circuit all expectations and send EURUSD down towards the 1.12xx handle in no time.


Comments

looking nice for short term
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nice catch, shall I offer you a drink~
+1 Reply
TheBanker Cornhub
@Cornhub, lol I'll have a beer if we clear both targets, thanks
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ohhhhh, messed ur charts, hope u r doing great
+1 Reply
TheBanker TAJIR_B
@TAJIR_B, thanks for the kind words mate
+1 Reply
Those Poor Poor Bulls.. Hey Bud! Just saying hi! Thanks for the head knocking fundamentals bc its easy to get Tech happy and not be learning!!
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Or not...
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same bias, although looking at with more of an intraday perspective
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The Man, The Myth, The Legend @TheBanker Where have you been?
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TheBanker Batmann
@Batmann, Good to see you still kicking around mate, have I missed much? I'm mostly in private equity now and have been busy with my companies there, so easy to lose routine.
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