Now = 121 68
Went long @ 121 63 and again in 121 54 if seen .
Have a ggod night all
The Euro continues to collapse, but experts are not waiting for the astrophe
The U.S. Dollar has been climbing for several days against the Euro, Yen, the Pound Sterling and other currencies amid a continued increase in US Treasuries yields.
Ten-year us Treasuries yields rose above 3 percent on Tuesday for the first time because 2014. The market is close to the maximum of July 2011 -- 3.047 percent. Growing inflationary expectations, in addition to statements with a variety of agents of the Federal reserve last week raised fears the us Central Bank will raise rates at a faster rate.
The return of 3 percent didn't come from nowhere - the fed discussed the increase in inflation since the beginning of the year and ready the market for a rate increase, says analyst in London Capital Group Jasper Lawler. The easing of tensions, particularly the reduction in the anxieties of a trade war, let traders to focus on the factors that point to the aid of the dollar, specifically.
FX market egists in Scotiabank look at the Euro/dollar pair in a neutral/bearish key, noting that service is likely in the region of 1.2045/1.2145 at the short term.
EUR/USD remains weak, being close to yesterday's low and below the wider trading range based since the beginning of the year. There was no major European data this morning. EUR is weakening before tomorrow's ECB meeting (no changes are anticipated), experts say.
They notice that the Euro keeps yesterday's range only below 1.22. The breakout of service in the center of 1.22 this week renders the medium-term picture less reliable than anticipated in the Bank. Given the extensive work done by the market at the beginning of the calendar year, the final bearish breakthrough is still missing, according to experts. They see that a stronger and more lasting service at the zone of the 1.2045/1.2145 in the moment. Intraday support-1.2185.
Only watch from Those buyers on h4, h1 currently....and some lurking on m5/m15
It just needs a trigger once enough Vendors would have been eaten
Keep short really.Originally Posted by ;
Iam targeting 1.19 ore possibly lower.
Let see what Dragi attracts tomorrow but with poor economic information I believe that he will choose the euro down.
The USD index proceeds to piggy-back rising US Treasury giving it further impetus, and it has reclaimed 91.000 status consequently, with honest resistance around 91.526 back to the radar before 91.751 plus a couple more upside chart amounts before early 2018 highs.
EUR/USD is pivoting 1.2200 where huge choice expiries roll off ECB day tomorrow (3 bln), together with Fib support around 1.2173 still underpinning the pair, but the upside restricted ahead of 1.2250.
Choice expiries of notice for today's 15:00 BST:
EUR/USD: 1.2220 (0.977BLN) and 1.2290 (0.596 BLN).
Notice - another EUR 3.3bln 1.2200 hit expires Thursday, just after the ECB policy assembly.
Holding down one short to 1.2040, near the 200-day moving average.
E/U price is analyzing quarter close lvl @ 1:21915 it's very good chance to take trade (short or long Above this lvl = Extended but confirmation will be a raise above now daily open lvl.
So We're Rebounding out of the bottom of the range around 1.218x Ray and Trying to Examine the 4H MAOriginally Posted by ;
just check usdx , can fix 90.26 to 89.78 before further try up thus eu may breaks limit up for 1.2334 before farther down . Take care ,