Knot: ECB Has Tools To Counter Euro Appreciation If Needed

great discount to buy the dips!

Priced in but thanks anyway

EUR Bearish

come to papa!

Looks like buy in dips

what a market manipution from the EU officials again .... which is good for my position. I wud like to ask Knot where did the Euro appreciate in the last 2 weeks ... it lost against the yen by 200 pips it lost against CHF 150 Pips and lost against GBP 200 Pips .....

The guy said almost nothing. But sentiment caught fire.
Is it just accumulation for the FOMC show ?
Bought 1.2123 for at least 15 pips for fun.

This is exactly what the buyers are waiting for. Buy every dip.

BTW the name of the tool is Knot 😂

Second warning in a few days.

Looks like there is really something big brewing under the USD surface.

Euro touched 1.0637 at the peak of the pandemic scare and has made a high of 1.2346 which is less than 1,800 pips.

Pounds touched 1.1410 and has risen 2,300 pips.
AUD fell to 0.5510 and has moved up by 2,300 pips.

Obviously the USD is quite weak which went to another round of weakness since the election losing an average of 800pips against the other major.

These are quite obvious, stop chasing shadows. If you want to intervene, just say so, but you will need a gigantic reserve to be effective, but you run the risk of being labelled a currency manipulator.

Now EUR Sell

Lovely bull trap

My personal guess is MASSIVE dollar devaluation for USD here soon. If the price of paying global debts in USD remains high throughout the pandemic and post period, the world will CRASH. It's not ideal for the world, US, and future stability either - but my guess is that, deal with the crisis in the future... (but how long have we been doing that now for... ?)

My guess is EUR/USD bear traps, but we shall see...

I think the comment was to counter that the EU is growing so much slower than the rest: https://www.forexfactory.com/news/1056509-european-economy-lags-china-and-us-on-pandemic
and yet its currency is still appreciating.

I think this is just a "structural trend" personally, so no matter how long the EUROZONE tries to lower it, the USD will be falling more than them and it will be EUR/USD up. but risk off for now. ha

Think this is a bear trap in the medium term. But who knows, shall see...

Ahhh...I remembered the day when Draghi said "Do not short the EUR" and it flew north thereafter!