USDEUR
eurusd longterm outlookshort term: bullish we just broke out of a bullflag: 1st target: 1.1722
midterm: neutral -> no decision yet
longterm: in my opinion there is a possibility the eur goes lower like in 1999/2000, still the market did not make a decision yet. if we are heading towards another finalcial crisis like in 2000 (tech-giant again are in bubble-terretory), this scenario is the most likely. -> needs further confirmations
eurusd longterm outlookshort term: bullish we just broke out of a bullflag: 1st target: 1.1722 zoom in for micro outlooks
midterm: neutral -> no decision yet
longterm: in my opinion there is a possibility the eur goes lower like in 1999/2000, still the market did not make a decision yet. if we are heading towards another finalcial crisis like in 2000 (tech-giant again are in bubble-terretory), this scenario is the most likely. -> needs further confirmations
Downtrend from 2008 Last time I was wrong with my short (h&s pattern) but now I will give it a new try to short USD/EUR. We are looking at an strong downtrend from 2008. USD looks very week and the whole COVID-19 and ongoing trade war between superpowers China an US doesn't helps me to change my Bearish bias on USD. Until the longterm trend breaks and finds support I will be bearish. Good luck!
EURUSDWith a new monthly candle about to start there could be a nice momentum move to the upside on this pair to test the diagonal resistance above near 1.16-1.18. A decade long consolidation pattern is about to reach a trigger point for a move in either direction. My bias is for higher prices however volatility is to be expected.
On the daily, a break of 1.1360-1.1425 would be a trigger for a long trade. anything below 1.1160 would indicate further consolidation down to 1.09 for a longer consolidation cycle extending to the end of the year
#EURUSD - Between the Worlds #EURO #monetaryreformThe EuroUS Dollar continues to move between important 1.14961 and 1.06363 range.
All movements between are only short-term "skirmishes" .
Only a breakout from this range will indicate the next longer-term trend direction!
In this analysis, I assumed that a trend reversal will happen and a bearish pattern will establish itself. This would mean that the euro would fall below parity against the dollar.
Alternative:
However, should the euro break up, a new bull market could be initiated for euro-zone. More on this when the breakout on the northern side occurs.
Greeting
Stefan Bode
US Dollar DJ Index- Hiting long term uptrend support levels. Dow Jones FXCM Dollar Index was a measure of the U.S. dollar’s value equally weighted against four of the world’s most liquidly traded currencies:
Euro (EUR), 25% weight
British Pound sterling (GBP), 25% weight
Japanese Yen (JPY), 25% weight
Australian Dollar (AUD), 25% weight
Free invitation to Bear Party EUR/USDI think short position is a possible winning position. In D-Chart we can see Price in a range with very clear and strong trendlines. Well, price bounced back from previos High as expected. Now I assume a continuation of the downtrend and everyone can jump on that train to the bear party. We expect price to move into that Diverse Bull/Bear Party-Box (Yes i made that up) waiting for Priceaction with short bias. Stop Loss should be higher than the Diverse Bull/Bear Party-Box.