EURUSD News is full of surprises , the EURO Bulls will buy EURUSD on anything even if the reality says a different thing. Well whats the reality ? REALITY: - EU Economy is slowing down as per recent data (last 3 to 6 months ) while US is powering on all cyclinders - EU CPI is weak compared to US - EU QE is not ending until 31 October 2019 when Mario Draghi...
EU migration deal happened and the EURUSD shot up 110 pips in Less than 2 hours . Migration among European nations is a political nightmare that EU politicians were dancing around as if it was a plague. Immigration affects a few things - Economic growth - Govt resources - Changes population dynamics - injects diversity of ideas in solving common problems Can...
RELENTLESS 100 pips recovery for the EURUSD and we might now see the Downtrend resume if the EURUSD can't hold 1.1640 and then 1.1600 . If those levels dont hold then we are heading back to 1.1500 level. EURUSD has a lot of head winds so it a little tricky until we can put to rest the the italian political mess . Date: 8:00 am EST , 30/05/2018 Lots: 8 Short...
Simply wait for the -- Daily close below 1.20000 ( Critical psychological price point ) -- Daily close below SMA-200 ( Confirms the bearish trend for the BIG Boys & Girls ) -- DXY (Dollar Index ) has broken out of the channel ( Confirms a slightly bullish trend - Can it hold that trend) -- It should pop up toward 1.2100 ( SELL Any pop up ) -- We are...
Looks good to me for a SHORT , Let's go hunting . Don't bring a Gun in tank battle !!! Go Short: Range 1.2520 to 1.2600 TakeProfit 1: 1.2300 TakeProfit 2: 1.2200 TakeProfit 3: 1.2080 StopLoss : 1.2900 Then expect a rally after the pullback . The Angle of momentum at the moment is too extreme to be sustained and a strong EURO would kill the Euro...
What is going on between this love relationship between the US Dollar index and the EURUSD. As you know US Dollar Index consists of upto or about 57% of EURO currency in weighting depending on which formula you are using. So any disease that USD catches will affect the EURUSD a great deal. Right now Mr. US has " syphilis " and Lady EURO does not want anything to...