Disliked{quote} 0.9674 now is the new decision point (blue line). Looks like its going down to 0.9620 first.Ignored
Patience, Emotion Control and Discipline.
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Disliked{quote} 0.9674 now is the new decision point (blue line). Looks like its going down to 0.9620 first.Ignored
There's another issue downplayed by market at this moment. Given the pipeline was now rendered non-existing, cross-Atlantic liquefied LNG shipment becomes a likely replacement. Europe will buy its gas from their allies, America. This will lift the Euro, on the basis that Europe lacks LNG storage facilities, and needing huge investment upgrading its ports and energy infrastructures. Now, if US wants to become an energy exporter, it needs to keep its dollar low. You can't have 1€ = 1$ rate. As an importer, Europe needs to keep its Euro high. Trade itself should normalise the exchange rate.
I'm looking at 0.8€/$ for a long term, say 12 months time frame.
Cheers,
Cat
DislikedBuy/ Long : 0.9626 - 09630 Sell/ Short : 0.9705 - 0.9710 Good Luck folksIgnored
Disliked{quote} I also see 9620 my friend but I think 9635 should be able to hold ( at least for first round of bear attack) we should be staying around this area for sometime to confirm support before going up so 9620 possibleIgnored
Disliked{quote} Too much speakers out of ECB today and CPI numbers come out from Germany above 10% so it maybe a matter of time until we see it break above 0.9674 to 0.9700/10 for a test first! I agree with your view on 0.9635.Ignored
Disliked{quote} This is from Financial-Juice EUR/USD: 0.9750 (EU2.19B), 0.9900 (EU1.71B), 1.0200 (EU804.3M) This at 0.9750 is all the money, but a break lower isn't guaranteed.Ignored
Disliked{quote} I think it might range between 0.9674 and 0.9635 until data. I really want it to come test 9590 -9600 area first. That way we can be almost assured a bounce.Ignored
Disliked{quote} What do you do with this particular info? For me, it just means upside is capped for now.Ignored