EURUSD

I'm from Scotland living in the Netherlands. I'm more interested what will happen to people like me than what happens to the currency today. For all expats in Europe times are uncertain. I could give up my British citizenship and become Dutch. Why would I want to? I'm Scottish, I'm British and I'm a European. Lots of people like me living and working in Europe and lots of Europeans in the UK wondering the same. People saying markets are looking very strange lately. PPfftt no wonder We have this mess here and Donald Trump in the US. No wonder markets are strange. The whole world has gone mad lol

UK will be no more UK after Scotland will leave UK and wiil join the UE.

Today being Dutch has more value than being a Britt , internationally better job prospect too

Alright folks , I am doubling down on my longs , the support level is strengthening , the bulls are fuming and the gaps are closed , this time hopefully the bulls will run with four legs instead of one... my main strategy for the rest of the week is that, bulls will take over after closing the gap , the recent gap based strategy was a big success , however the prices deliberately came down to fill the gap ... if you notice prior to the bearish harami pattern formation , there were small patches of islands on 4H candle sticks and that's what I meant bulls didn't have legs and that was manly due to the gap .. The bulls were determined to go all the way up but due to the gravitational force created by the gap it could not... Now the bulls must be preparing to go back to upward momentum again ...

Ha well as the song says 'Its not about the money' and as far as Scotland not being part of the UK I think and hope that will never happen but what do I know. I thought Brexit would never happen and Trump would never be President.

The EU will also lost with the Brexit. Britain is one major contributor to it's budget, it's a security council member, it has the highest budget in defense, it has a world city, so the list could go on and on.

For obvious reasons Britain will be the one suffering the most, especially if Scotland becomes independent. If that happens can't figure out how they'll secure northern ireland in the far future.

scotland will not leave the UK. Scots are very clever people and have just had what is supposed to be a once in a generation referendum in which they decided to stay. Nobody wants a border on this tiny island, Scotland doesn't want to lose its biggest trading partner, it has too much dept to join the EU and all the cheap immigran labour that can no longer come to England will go to tiny Scotland. Honestly anyone politically minded understands that I think. The bigger issue is Ireland although I am English and want the north and south to come together

curren spoke words of wisdom, nice!

EU is already lost, it's the final scenes in Titanic the movie or end or Roman empire whatever you prefer take your pick. )))

Titanic ?.. the EU members never said that God will never be able sink this ship ...Britts almost always brought defeats to their own successes due to their arrogance , lost world trading routes control, lost the global superiority , sank the titanic , and now sank its own island

I like your humor, made me giggle.. lol

Stay Green

The price moves down to point 1, 07472. And the nearest target is 1,07670. But there is a possibility of price return to point 1, 08399.

Brits maybe arrogant but no more arrogant than Brussel clowns. But Brits are unselfish and reasonable people. Most past Brits colony has prospered. Don't forget US, Australia, New Zealand, HK, Singapore, India, Malaysia, SA etc were once Brits colonies.

What do those clowns in Brussel and Germany do?

I see the ++ side more than the -- side of Brexit. The competition will be taken to the next level after Brexit. And that means progress in Europe. Well the currency may not be that good. You cannot walk before you can crawl.

EURUSD – correction may extend to 1.0748 Fibo 38.2% support of 1.0493/1.0905 rally. IMO

I would love to be patient enough but I just don't see it happening , given the recent bull strength , and the bears gap cover , I am more on the bullish side

Who cares about Scotland

Well I am bullish too but correction is a part of this bullish run, and I will be a buyer above 1.825 or will wait for more deeper correction, until then I will watch her closely,

I did a fresh intense top-down TA on USD, Gold, Silver, and EUR/USD, and here is my longterm view on these:

USD
Technicly in the long run everything points towards a weaker USD. It is scratching it's SHS neckline today but the pullback already looks weak and I doubt it can break through the neckline zone and pull up again. This thing is going down. Trump needs it, US people need it, US economy needs it, Eurozone needs it. It might take a while for "the establishment" to reposition themselfes accordingly (adjusting to Trump, basicly) but once this is done and big money is repositioned, the Drop on the USD will come.

Silver & Gold
If you are looking for longer term options, based on my TA it would be a good idea to position yourself LONG in Gold and Silver, even if the Buy seems "late" (if you are not already in). but I think they will both break their current resistance zones and continue their flight up north. If you are not in these markets yet but looking to get into it, currently it would be a good point to do so.

EUR/USD
On the EUR/USD, the overall technical tendency remains LONG, we are slowly "crawling out" of the bear market, but the political situation with the upcoming french elections and later on this year the german elections remain the big "if" in this market.
From the technical aspect there is not much to slow it down and it shows strong signs for an overall "turnaround" and the will to turn into a bull market again.

some personal thoughts
I put hope into france.
Based on the result of the upcoming election I see a strong bullish move. I don't think Le Pen can win.
This is a little bit of hope and good faith in the people of france here, please don't let these populistic nationalists take over, we had this and it never ends good. Please learn from history france. We all need a change, but these kind of people are not the change we need and I promise you nothing will get better if you elect these nationalists. I am not a politician but these people are racists and they stand against humanity and when did this ever pay out?
I might add, I am biased here. I am german and I live 15km from the french border, so....

back to TA
In it's current phase the market tends to do mild short corrections which could deliver good entry points on a daily basis to position yourself in LONG direction.
Please be aware that especialy in the EUR/USD the elections can destroy everything, but from a technical point of view there is nothing that speaks against a break of the current resistance zone and a stronger Euro vs the USD.

be aware
at the present moment, risk remains OFF in EUR/USD (institutional point of view)


@EUR/USD forum people
I spare you the charts.. who cares for a proper TA in here
If you don't like these kind of postings (content) in here please tell me and I remove it.
Please be aware that these are thoughts and opinions, in no way I dare to "be right".

my 2 cents,
stay green, Teek

my eyes are saying SELL my heart is saying BUY and my brain is saying STAY OUT .... from EU