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Eurusdidea

EURUSD 2023 Know your year! Act early! Don't be surprised! 2 minutes to read and reveal the the matrix! 2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart. Period 1 - August 2020 - Feb 2022 "False break period" Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into stocks, cryptocurrency, etc.. But peaking around December 2020, due to FED starting to rapidly increasing interest rates, causing cash to be very attractive compared to keeping it invested during all time highs, as well as making loans much more expensive, USD started to gain strength again, BIG TIME, most aggressive policy to increasing interest rates was implemented during the coming months. In the meanwhile, EUR delayed increasing interest until July 2022, which explains the huge amount of USD cash compared to EUR in the circled period and beyond, until bottoming at the bottom of the wedge around late 2022 when ECB started pumping interest. Period 2 - Jan 2023 - Today (Feb 2023) "Fresh yearly breakout period" With the ECB targeting higher interest to 3.0%, 3.25% and 2.50% which is a higher expectation from 2.50%, 2.75% and 2.00% just from December 2022, making EUR more attractive to keep cash and less scarce (more expensive to lone) - While the USD is pretty much maximized as to increasing interest / stimulating the economy as during 2020-2022 FED used pretty much the entire toolbox - Leaving 2023 as the year for EUR with the FED playing all the cards they had. The technical breakout we see up above the falling wedge resistance makes perfect sense with the fundamentals - Making EURUSD a long term strong buy position for the year. This is a must know chart to be confident while trading EURUSD . ----------------------------------------------------------------------------------------------------------------------- Always do your own research and practice caution while trading, especially leveraged products. I would really appreciate comments, questions or any interaction - Thank you! -----------------------------------------------------------------------------------------------------------------
Long
by Exactus
2
DeGRAM | EURUSD trend continuation opportunityEURUSD broke out of consolidation zone and reached a major resistance/psychological level at 1.1000. Price action is printing HHs and HLs, indicating a bullish trend . The daily timeframe suggests that the price could fall to the psychological level of 1.1000 and continue trending north. We anticipate a classic breakout pullback continuation trade opportunity. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
6