How Far Can Euro Fall?

How Far Can Euro Fall?

From bkassetmanagement.com

Everyone wants to know how much further the euro can fall. Not only has it been in a downtrend since the beginning of the month, but it lost value 8 out of the last 9 trading days and on the one day that it rallied, the increase was modest at best. Investors have beaten the currency down to its lowest level since April 2017. In order to gage how much further the pair can fall, we have to understand why its losing value as quickly as we’ve seen. 6 Reasons for EURO’s decline We can identify at least six reasons for EUR/USD’s decline and they mostly have to do with divergence between the EZ and US economies 1. ECB ... (full story)

Comments
Comment
Subscribe

Comment #1
Quote
Feb 13, 2020 6:45pm Feb 13, 2020 6:45pm

Guest
| IP XX.XXX.130.50

Many have a goal of 1-1 to the US dollar.

Comment #2
Quote
Feb 13, 2020 6:49pm Feb 13, 2020 6:49pm

livetotrade
| Joined Nov 2009 | Status: Member | 110 Comments

Well let’s see, how about that huge gap that was made a while back down around the 1.0743 area. I’m guessing that one for starters

Comment #3
Quote
Feb 13, 2020 9:45pm Feb 13, 2020 9:45pm

Guest
| IP XXX.XXX.105.194

It'll fill the "gap-up" which happened during the late April time period of 2017

Comment #4
Quote
Feb 13, 2020 10:01pm Feb 13, 2020 10:01pm

Guest
| IP X.XXX.56.96

Does anyone think the price will go below 1.08 today?

Comment #5
Quote
Feb 13, 2020 10:46pm Feb 13, 2020 10:46pm

3Davy
Joined Sep 2013 | Status: Member | 37 Comments

If economic data is good today i think we could.

Comment #6
Quote
Feb 14, 2020 2:25am Feb 14, 2020 2:25am

Massimou
| Joined Oct 2019 | Status: Member | 9 Comments

she would be so dead if drop even more after filling the gap

Comment #7
Quote
Feb 14, 2020 4:21pm Feb 14, 2020 4:21pm

Hype
| Joined Jan 2016 | Status: Member | 1 Comment

Dunno about the immediate short term but I have 1.06 on the cards for the next week or two.

Comment #8
Quote
Feb 14, 2020 4:40pm Feb 14, 2020 4:40pm

PaulVic
| Joined May 2016 | Status: Member | 91 Comments

The Euro is doomed to fail, was from the day it was conceived. To my knowledge no pegged currency has ever survived (ok.. semi pegged).
When this happens all EU countries having the Euro as a currency will be forever tied to the EU because of the QE debt.
Wasn't this the plan from the start? I hope it does not happen, but the writing is on the wall. If we dont learn from history we dont learn. But i think the powers in play know this.

Comment #9
Quote
Edited 8:25pm Feb 14, 2020 7:27pm | Edited 8:25pm

FX-Syndicate
| Joined Aug 2017 | Status: Member | 255 Comments

EUR/USD has ended the second week of fallings.

However this friday the NY session ended with an inverted hammer which may signal a trend reversal if monday a confirmation bullish candlestick will form by the end of the day.

Attached Image (click to enlarge)

Click to Enlarge

Name: EUR USD 17-02-2020.jpg
Size: 133 KB

Story Stats

Posted: Feb 13, 2020 6:29pm
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 9 / Views: 12,484