Clearly, the US dollar starts a new bullish rally against Euro. How could we benefit from this? we can use leveraged ETFs, like EUO (2x) exposure This ETF is designed for investors looking to bet against the performance of the euro relative to the U.S. dollar or to hedge against existing euro exposure. EUO utilizes daily leverage, meaning that its objective...
BEARISH SETUP for $ULE (2x EURUSD in a single day) Waiting to be returned to 2015, early Dec. levels
For Monday’s open, 5 ETF's are potential buys under my rules for Pullback Strategy. This strategy identifies oversold ETFs and takes advantage of the tendency for prices to revert to the mean in the short term. The ETFs set up as potential buys for Monday are listed in the table below: XPH -SPDR S&P Pharmaceuticals EIDO - Indonesia Invstble Mkt Idx MSCI EUO -...
Natural area for the EURUSD to consolidate and digest the recent major down move. H/S target achieved at 1.30158 and price bounced off major down trend line that has defined pivot areas of supply and demand since 2013 (dotted black line - see shaded circles for times that price has pivoted off of this line. Would not be surprised to see a counter trend covering...