DislikedAll data is better and euro is sinking DD you gotta love forexIgnored
I was wanting to make this same comment. FOREX!!!
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedAll data is better and euro is sinking DD you gotta love forexIgnored
DislikedAll data is better and euro is sinking DD you gotta love forexIgnored
So there you have it, Germany called for it, Eurogroup confirmed it, and Greece admitted to it.
But will this be enough to cause a “Grexit”? Well, that is the question, isn’t it?
3rd Party Advertisement
Regardless of whether or not Greece exits Eurozone, I believe EURUSD will suffer another sell-off as we approach mid 2014. Market is going to position ahead of this event, and with many politicians ready to do their posturing to take advantage of this event, I would not be surprised to see major sell-offs in EURUSD, although it is too early to say.
However, in the meantime, I would be focusing on Fed’s tapering as confirmation for taper would add more demand for the USD, and when you combine that with the uncertainty of Greece, you’ve got a good recipe for EURUSD sell in the short-term. As long as the recovery in the Euro Zone remains painfully slow, I believe EURUSD still is a SELL on rally play.
Disliked{quote} Look at the dollar, yen and equities. US equities sinking and yen skyrocketing. Euro decline right now makes sense.Ignored
Disliked{quote} well to me, Gold, USD, CHF, and JPY are all gaining at the sae time which shows Syria case is more serious than what the media says.Ignored