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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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Attachments: EURUSD
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EURUSD

Quoting JauntyLoon
{quote} It is never advisable to trade. 99.98% of retail traders lose money
But US is not on holiday.
Quoting martin1977
{quote} But UnderSkirt is not on holiday.
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lets be friends
EU support now is at the yesterdays high. A close below is bearish, but you should decide if, its longer, or a shorter term close, depending on your style.

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Feels right this time!
Quoting Js3mwtRc
EU support now is at the yesterdays high. A close below is bearish, but you should decide if, its longer, or a shorter term close, depending on your style. {image}
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lets be friends
Quoting PatienceFx
{quote} {image}
I was wandering why you took that trade, now I get it!
Feels right this time!
It will probably range near 1.08 or 1.07 prior to the ECB and FED meetings next month. Then, it will be dumped again.

Also, why would the EUR be bullish if oil imports from Russia are to be reduced, affecting growth?

https://www.cnbc.com/2022/05/24/von-...-in-days-.html
don't believe in mumbo jumbo from gurus
im keeping things simple
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Focus on getting pips more than on being right
Quoting ForexGoose
It will probably range near 1.08 or 1.07 prior to the ECB and FED meetings next month. Then, it will be dumped again. Also, why would the EUR be bullish if oil imports from Russia are to be reduced, affecting growth? https://www.cnbc.com/2022/05/24/von-...-in-days-.html
Because the interest rated are going to go up next July. Bonds become atractive and to buy them you have to buy EUR. It doesn't correlate to growth.
The US had it's first quarter of negative growth and the USD went up when the interest rates went up.
Quoting Polimini
{quote} Because the interest rated are going to go up next July. Bonds become atractive and to buy them you have to buy EUR. It doesn't correlate to growth. The US had it's first quarter of negative growth and the USD went up when the interest rates went up.
the market already priced in those ECB interest rate hikes, but the USD is still very strong and it will get even stronger as the market exits equities and buys cash

what I am seeing on the daily chart is a setup for a bull trap where the price is pushed higher to extremes and then sharply reverses, as what has happened in the past

there will be no sustained EUR rally

also, why would bonds become attractive if there is inflation, interest rate hikes, and slowing growth?
don't believe in mumbo jumbo from gurus
Quoting ForexGoose
{quote} the market already priced in those ECB interest rate hikes, but the USD is still very strong and it will get even stronger as the market exits equities and buys cash what I am seeing on the daily chart is a setup for a bull trap where the price is pushed higher to extremes and then sharply reverses, as what has happened in the past there will be no sustained EUR rally also, why would bonds become attractive if there is inflation, interest rate hikes, and slowing growth?
Bonds in US or EU are risk free. If the return on those bonds increase, they are obviously attractive. To buy them you have to buy the currency. Especially when there isn't many option to invest with stock markets in the red.
Inflation obviously is the cause of the rates going up, but it's irrelevant for the investing decision, it's a constant no matter what you invest in.
Growth works the other way around, a year ago the EU bond returns were negative making them irrelevant to the currency.
If it exceeds 1.09, then I'd be surprised.
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don't believe in mumbo jumbo from gurus
I predict that EUR/USD will bounce off 10820 and fall
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Quoting Polimini
{quote} Because the interest rated are going to go up next July. Bonds become atractive and to buy them you have to buy EUR. It doesn't correlate to growth. The US had it's first quarter of negative growth and the USD went up when the interest rates went up.

In what way are European bonds attractive? The best quality German bunds are yielding less than 1%
Interesting!

Inserted Video
Just in case bulls push harder, 0757/67 and if, this zone breaks 0806/0821 is the next zone of interest.

0696, 0661 & 0644 are supports.

Lagarde and some officials are loading rates, but 10Y yields are down for the day, so slowing growth should worry the markets. EU maybe in its last as interest rates may converge the last days, but still diverge a long way.

The Oil embargo to Russia is still facing political problems, but in the end Europe will put it and change its supply chains.

Weekly chart is bearish, but Daily is ranging, watch the volatility!

Tightening is coming also and summer months are yielding less to the markets.
Feels right this time!
Quoting JauntyLoon
{quote} In what way are European bonds attractive? The best quality German bunds are yielding less than 1%
Rates are going up on July.
Quoting Js3mwtRc
he Oil embargo to Russia is still facing political problems, but in the end Europe will put it and change its supply chains.

Europe will be forced to import oil, fertilizer and food from the USA at much higher prices.

That will increase demand for the USD which is still long-term bullish.
Quoting Polimini
{quote} Rates are going up on July.

To as much as 0.5%

By then rates will already be at least 1% in the USA
Quoting JauntyLoon
{quote} Europe will be forced to import oil, fertilizer and food from the USA at much higher prices. That will increase demand for the USD which is still long-term bullish.
Yes, the food safety problem is everywhere in the world, but not in USA.

Things can get worse fast!
Feels right this time!
Quoting JauntyLoon
{quote} To as much as 0.5% By then rates will already be at least 1% in the USA
That's already priced in, already announced. If you're implying it's either one or the other, they aren't infinte.
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