False Breakout to FAIL. EUR/USD has no business near $1.20
ECB STILL easing during US rate hike cycle.
US Bond market bubble (created by FED QE policies and now the unwinding of FED balance sheet) popping will send yields and US stocks soaring.
Political risk EVERYWHERE in Europe.
Migrant crisis will continue to force member states to expand welfare state measures putting pressure on member state budgets and in turn the EURO.
The choice to pursue austerity measures against EU members is certain to force more Brexit like actions from remaining member states.
I don't see anything in the Eurozone to be bullish about. Centralization has failed.
De-centralization, including scrapping the common currency project is highly likely in my view.
Therefore, I am EXTREMELY bearish on EUR/USD for the LONG TERM.
Could it bounce? Sure, but I will use any EURO strength as a selling opportunity
US Bond market bubble (created by FED QE policies and now the unwinding of FED balance sheet) popping will send yields and US stocks soaring.
Political risk EVERYWHERE in Europe.
Migrant crisis will continue to force member states to expand welfare state measures putting pressure on member state budgets and in turn the EURO.
The choice to pursue austerity measures against EU members is certain to force more Brexit like actions from remaining member states.
I don't see anything in the Eurozone to be bullish about. Centralization has failed.
De-centralization, including scrapping the common currency project is highly likely in my view.
Therefore, I am EXTREMELY bearish on EUR/USD for the LONG TERM.
Could it bounce? Sure, but I will use any EURO strength as a selling opportunity
Comment:
This is working well. Still bearish on the EURO...