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Eursud

Crude clone called Euro?This also needs to be understand by those who think that are trading just euro...Funds lock their positions in EURUSD with those in crude oil! Understanding the OIL, EUR/USD Correlation Read - chigrl1.wordpress.com Most oil exporting countries trade assets in USD, meaning, these countries receive a significant portion of USD inflows from the proceeds of these sales. Thus the foreign currency reserve balances of these oil exporting countries, in a sense, is broadly reflected by the price of oil. We can see this as reflected in the chart below. Up to 2014, reserves increased notably, and then declined considerably as the price of oil fell. However, data also shows that they invest part of their reserves in EUR, as they sell a large share of their production to the Eurozone. Thus, when the price of oil falls, this means that a smaller portion of USD is transferred to EUR, thus contributing to a depreciation of the currency. Inversely, when the price of oil increases, a larger portion is transferred to EUR, contributing to the appreciation of the currency. For this reason, many funds lock their positions in EUR/USD with those in crude oil. Therefore, it is no coincidence that COT data shows crude oil and EUR in lock step.
Education
by ICFX
EurUsd - Monday, April 06 | Support & Resistance with HeatMap "Goodmorning! Here are the S/R Levels I keep an eye on for Monday, April 06. These are Price Points where you at least can expect some pause and possibly a Reversal. You can use these levels to frame a Setup or to exit an Open Position. The darker the area, the more likely Price has a difficulty to break through. My goal is to help you identify logical Entry/Exit Points or use them as Conformation in your own Trading Plan. When you have any questions or feedback, don't hesitate to contact me. Hope you appreciate my content 👍 Happy Hunting, Stay Safe! Warm Regards, Mariinus"
by Mariinus
EURUSD - We've gone long FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Buy at 1.1282 (stop at 1.1242) Inside Soldiers have been posted on the daily chart. Selling posted in Asia. The medium term bias remains bullish. Broken out of the wedge formation to the upside. The formation has a measured move target of 1.1448. The Marabuzo support is located at 1.1289 half net gains from 1.1209 to 1.1369. Bespoke support is located at 1.1282. Our profit targets will be 1.1425 and 1.1445 Resistance: 1.1400 / 1.1425 / 1.1448 Support: 1.1316 / 1.1282 / 1.1276
TVC:DXYLong
by Signal_Centre
Overall View of EURUSD 1.13478 top level was reached after a sharp bull trend. Prices settled on a resistance zone and were subjected to a bear pressure. After a strong reversal signal on June 12th, the odds of a bear trend became higher. Possible targets : @1.12000 (+75pips) and @1.11200 (+150 pips). Advice : Stay bearish and sell at any high point while we don't break the resistance zone or 1.13478 top level. Correlated pairs : USDCAD (-87.8%) and XAUUSD (62.5%). We are more likely to experience a strong bull spike with the USDCAD while a minor effect on the XAUUSD.
Short
by Theperfectionist