correction may be coming to an end wait on confirmation to short it
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedDollar currently falling.
H1 and H4 Chart.
Taking all this into account where you are “loaded with Dollars” (Sovereign funds) and see one zone (Europe) taking the pain and causing a tight fiscal and monetary regime and retaining the “real value” of the currency in classics Bundesbank fashion.
On the other hand the 2nd zone (U.S.A) is pursuing a loose monetary and loose fiscal policy in an attempt to reflate and inflate. In this environment which Bond market and currency market (from a big picture perspective) is likely to be a better store of value.
To us this remains a no brainer… The Bund and the EURO.
The answer from a market, economic and political perspective is yes.
The straitjacket of the Euro will enforce harsh medicine and they will be supported in that effort if necessary when they show that they are seriously and structurally addressing the issues.
At that point the EURO will be seen for what it has become. A serious alternative reserve currency and finally a worthy successor to the Deutshemark and its associated discipline in monetary and economic affairs. Sadly it will have taken a crisis (as it often does) for it to make this final step.
Dislikedi find it amazing how you hid under your bed when euro was getting hammered and now appear back when it bounces back.Ignored
DislikedIf 1.3755 is pierced i stand aside until around 1.38-1.385
Shorting at resistance areas and getting out when they give way