EURUSD only

Quoting fxsport

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{quote} Here's an interesting thought - We know that economically the EU is not as well as other countries due to the war and energy restrictions. What if....The EU started a massive QE program - like giving euros to help people pay for energy, or another Covid-like spending bill to "stimulate" the EU. Easy money = currency appreciation short term but long term if the EU started QE again wouldn't that bring it down close to parity? Remember when the Euro was first created it was at parity but it fell to 0.75 to USD 1.00 in it's inception....

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Quoting Neoforce0

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I was hoping this would stabilize. The Eur group is really over extending this on the downside.

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Quoting fontu

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{quote} likely play down, try close daily at 0590 , but likely fail so breakout to final confirmation play having 3rd confirmation/ daily close in the middle without any decision yet this week as false break down to up still possible, after final confirmation too even . lets see checking usdx , wow ! settle over 104! for targets over 120 though but seems not in straight line .pa may not work all times and so even take the unthinkable direct course up . this great supply zone must overcome ! {image} {image}

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Quoting patryn

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I totally support. the fall of the euro from 1.2 to 1.0 along with the increase in oil and gas prices by 100% means more than 120% higher costs of rolling raw materials. in one more month and inflation in the euro zone will jump to 20% within a few weeks. Increase by 100-200 points at each meeting will be a standard I have experienced it already and I will be happy to wait for a repeat

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Quoting Erkat

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{quote} Hi mate The DXY reached its first target of 104.90 in this analysis. Do you see a continuation like this analysis with the price falling in DXY ?

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Quoting patryn

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[…] EUR / USD. the 1: 1 rate is deadly for the Euro, but also for the dollar. Nobody will allow it for a longer period and all funds, banks know it.

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Quoting fxmasterdxb

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I think we will have one more push down to break the multi year support at 1.0345, next will be 1.0210

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Quoting CityIndex

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{quote} You could be right, although with 1.034 being a key level coming from the 2017 lows, perhaps traders will be inclined to step-in and support the Euro, especially given the ECB's recent hawkish comments. All trading carries risk, but it should be interesting to see if can hold this 5-year support, or if it breaks down and moves further towards parity over the coming days.

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Quoting Ata-Turkoglu

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Good morning folks... Speaking in monthly terms: 1.0321 is my next strong support area.. Only a MONTHLY candle close below it could allow parity talk... Meaning, bears might be in their final sprint towards hibernation season.. Anyway.. coming back to NOW... First mission: going back to daily pivot 1.0420 area... Wishing you all a happy trading day..

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Quoting hans91

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{quote} hi ata, i agree with you. i have my idea for medium term that EU will climb up to 1.11xxx area..i don't know why but after reading some news in US economics. things doesn't look good as people thought, so should EU have a good correction till that area..but i might be wrong of course.

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Quoting Ata-Turkoglu

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{quote} Thanks for your input... Well, I respect your thinking but just like parity, to me, the idea of going back to 1.11 is irrelevant for now.. If you look at the long bearish mofu candle on DAILY, we could say that a vacuum effect can push this back all the way up to the opening of that mofu candle: 1.0520 area.. and that would not even a guarantee for new highs.. So it is best to go step by step and look at nearby support and resistance areas.. For me: nearest daily support sits at 1.0365... Nearest daily resistance sits at 1.0430.. Let's see...

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