ridethepig | Rate Differentials 📍 A quick update here on the elements of EUR and USD
Ending the 'C' part in the swing down has been a hard struggle and with such a problem a surprising retreat is expected. Buyers are threatening to bottle up their opponent.
A pullback in EURUSD towards 1.15/1.14 will make things a lot easier:
Inflation is demanding a return, after sufficient preparation, watch out on the battlefield (see my explanation in the recession strategy). The other theoretically plan of attack is a flank attack in USD which must be nipped in the bud via FED but they will lag behind now.
Real money understands the point behind this move. Firstly, the test of 1.70 is starting to be considered from the point of view that the current block is settled to the topside.
As usual thanks for keeping the feedback coming 👍 or 👎
