EURUSD - Parity Mode is ON (the story of Karoly)
EURUSD has been GREAT to us.
Fundamentally speaking, we have Rate Hikes incoming by the FEDS whereas Europe and Lagarde are snoozing (for now..Europe is a BIG Ship that turns slowly).
So what is 'Parity'
Parity price refers to a price level that sets two assets or securities equal in value to one another. Parity is the number 1.
in other words, parity would be EURUSD rate 1,00
Possible? yes it is
Will it happen? I say 26% chances of that happening.
WHO IS KAROLY?
Karoly T. is a Hungarian friend I came across during my Forex years, working for a broker and taking a good interest into helping my clients back then. Karoly was a LOVELY Hungarian client with a HUGE positions, short on EURUSD back in December 2016.
''Karoly maybe this is time to close your position. Eurusd could rebound from here''
''No, I am not closing until it's going to Parity''....
The conversation kept repeating itself for a few weeks until Karoly disappeared.... Eurusd started rising again. Until last year.
I can't be sure where Karoly is or what he is doing today but I seriously doubt he still has that position on; it's been 7 years.
In any case, Karoly if you get to see this message contact me! I missed you.
If you are not Karoly remember this: It's Really BAD not to take some profit at least! That goes for fores, crypto, stocks etc. If you can 'cash out' partially you always want to do that! Or you end up waiting for ever.
Will we see parity? Most likely not but you never know. in any case holding dollars (or USDT) has been great to Europeans like me. A cheap Euro helps European exports and tourism, so I'm ok with that.
One Love,
the FXPROFESSOR
Fundamentally speaking, we have Rate Hikes incoming by the FEDS whereas Europe and Lagarde are snoozing (for now..Europe is a BIG Ship that turns slowly).
So what is 'Parity'
Parity price refers to a price level that sets two assets or securities equal in value to one another. Parity is the number 1.
in other words, parity would be EURUSD rate 1,00
Possible? yes it is
Will it happen? I say 26% chances of that happening.
WHO IS KAROLY?
Karoly T. is a Hungarian friend I came across during my Forex years, working for a broker and taking a good interest into helping my clients back then. Karoly was a LOVELY Hungarian client with a HUGE positions, short on EURUSD back in December 2016.
''Karoly maybe this is time to close your position. Eurusd could rebound from here''
''No, I am not closing until it's going to Parity''....
The conversation kept repeating itself for a few weeks until Karoly disappeared.... Eurusd started rising again. Until last year.
I can't be sure where Karoly is or what he is doing today but I seriously doubt he still has that position on; it's been 7 years.
In any case, Karoly if you get to see this message contact me! I missed you.
If you are not Karoly remember this: It's Really BAD not to take some profit at least! That goes for fores, crypto, stocks etc. If you can 'cash out' partially you always want to do that! Or you end up waiting for ever.
Will we see parity? Most likely not but you never know. in any case holding dollars (or USDT) has been great to Europeans like me. A cheap Euro helps European exports and tourism, so I'm ok with that.
One Love,
the FXPROFESSOR
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