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Eurusdforecast

EurUsd- Don't be fooled by the rebound!I'm bearish EurUsd and also in my yesterday's comment I draw attention to the high probability of a drop under parity. Indeed, we had this drop and now the pair is hovering around 0.99. Of course, a rebound is possible and probable from this point on, but don't confuse this with a genuine reversal. Instead, use this correction for opening short trades and join this grossly bearish trend. In my opinion rallies towards parity and slightly above should be sold and only EurUsd back above 1.01 would delay this bearish scenario. Even is hard to believe for some, we should get used to a stronger USD for the medium to longer term.
Short
by Mihai_Iacob
20
EURUSD analysis: Gas price differences matter more than everEUR/USD fell below parity once again today CAPITALCOM:EURUSD , but this time the reason is more complex than a divergence in Fed-ECB interest rate policy. Recent price differences for natural gas between Europe and the US have become a key factor for the euro's decline, even more than 2-year Germany-US yield differentials. As Dutch TTF prices reached new record highs in the wake of the most recent disruptions to Nord Stream, the US Henry Hub natural gas discount to the European Dutch TTF widened to a record $63/MMBtu ( NYMEX:THD1! ). European gas prices are currently 7 times higher than US gas prices. In addition to maintaining higher inflation for longer, Europe's skyrocketing gas prices harm the relative competitiveness of European businesses and household spending power in comparison to the United States.. The Bundesbank says that a recession in Germany is now much more likely and Germany's inflation could reach over 10%, which would be the highest since World War II. If the price discount of the US Henry Hub to the Dutch TTF ( NYMEX:THD1! ) were to increase further, this could create further greater downward pressure on the EUR/USD pair. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom
1
EurUsd- Under parity soon, to stay this time...If you've read my past analysis you know that I'm strongly bearish EurUsd and I draw attention multiple times to 1.03 zone resistance. As we can see from the posted chart, after breaking above recent consolidation, the pair touched resistance and reversed violently. At the time of writing EurUsd is trading almost in parity again and I expect a new drop under this important level. 1.01 offers good resistance now and rallies towards that zone should be sold. 0.97 is a reasonable target for swing traders
Short
by Mihai_Iacob
63