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Sanofi - Pharming for profits?Sanofi Short Term We look to Buy at 95.00 (stop at 91.90) The medium term bias remains bullish. Levels close to the 50% pullback level of 93.25 found buyers. Previous support located at 93.08. Further upside is expected and we look to set longs in early trade. Our profit targets will be 104.35 and 110.00 Resistance: 95.16 / 98.22 / 104.35 Support: 93.25 / 93.08 / 92.78 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:SANLong
by Saxo
Euro economic suicide Buying dept bills from the US to support their economy, and want to be a hero in the war of Ukrain vs Russia is pure economic suicede. But good it was already known a tons of company's were exiting the EU beceause of their ridicelous tax paramid. Only ministers in the EU could be so dump to bring it this far. The plan is to make a dessert from EU soil in 10 years. Ministers pockets are full, so no one gives a damn in their parlements. Admit it! Wrong generation leading EU, no bachelor needet to see this. Thanks alot, when are the first bombs going to fall on EU soil to make it official? So we can go straight to .70 index this or next year.
Short
by UnknownUnicorn27344900
12
EURUSD has not bottomedHello everyone! As you've already noticed from the title, I don't believe EURUSD has bottomed. Yesterday I shared an idea about why I think the DXY hasn't topped either, and as the DXY mostly consists of EUR, it is impossible for me to think that the USD won't strengthen vs the EUR. However in the short term EURUSD could go higher, and I could even see it go up to 1.10, without that meaning that the downtrend is over. The fact that the market tested 1.03-1.04 again is pretty bearish, and the bounce is mostly due to the fact that things got pretty extreme. Essentially the market got extremely oversold, and therefore the most important support actually held. The problem though is that the structure is clearly bearish, as double bottoms tend to break and we haven't seen any significant higher highs and higher lows yet. Getting above above 1.045-1.05 was the first key indication that the bounce would have legs, as the market reclaimed the Yearly S3 and Monthly S1, along with the horizontal support. Now it has reclaimed the 1.064 level and therefore I wouldn't be surprised if it properly retested the 1.08 breakdown level. I also wouldn't be surprised if it rallied up to 1.095 to sweep the highs there, as that breakdown wasn't properly retested and the highs not properly swept. To me this is more of a dead cat bounce for the Euro which got extremely oversold, while rates in Europe could go higher and rates in the US lower. The case for higher rates in the EU can be justified a lot more easily that ones in the US, but at the end I believe the ECB is in a worse position than the Fed. Why? Because they need to support all the weak countries, while European energy is too expensive and the population a lot older. Hence the 1.08-1.095 is great for shorting, and as long as the market doesn't close above 1.12 I remain bearish.
Short
by BitcoinMacro