Lot of confluence factors indicate that EUR is going to give way to USD
Looking for a drop in price to 1.01, probably return to parity before spring
- COT Delta = black line dropping hard, Institutions are heavily short
- YIELD Differential = green/red line, nosedive lower
- LIQUIDITY Differential = orange line = FED more restrictive than ECB ?
- GAPS = Next Weekly gap is 150 pips lower @ 1.01 = Yearly S1
- PIVOTS = Price below Yearly PP, heading for Yearly S1 @ 1.0050 = GAP Low
- FUNDAMENTALS = USD beats EUR on pretty much all metrics
- ECONOMICS = Germany, the EU-powerhouse, in multi-year recession
- POLITICS = Trust is fading, most EU-countries (will) vote for change
Looking for a drop in price to 1.01, probably return to parity before spring
Sultan of Swing
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Sultan of Swing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.