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Author Topic: EUR/USD  (Read 99501 times)

Offline Eliza Abrams

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Re: EUR/USD
« Reply #420 on: June 15, 2020, 03:28:16 PM »
I don't know whether the rally is gaining momentum, so far it is just forming a correction after the rally, in my opinion.

Offline fxopen78

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Re: EUR/USD
« Reply #421 on: June 15, 2020, 10:12:18 PM »
Swing bulls have begun from the last four hours on the chart, its possible to reach again on resistance zone daily timeframe, but now price on the high previous day it could trend reversal time as plan b waiting for London session

Offline Eliza Abrams

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Re: EUR/USD
« Reply #422 on: June 16, 2020, 02:24:01 PM »
It dropped from 1.1350 as part of the correction, it will probably last for the most of the week.

Offline drunkfx

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Re: EUR/USD
« Reply #423 on: June 16, 2020, 05:28:53 PM »
It appears that EURUSD rally gains bullish momentum despite Powell testimonials and roaring US retail sales. Time to try some long positions, as USD sell-off will likely continue

Offline Eliza Abrams

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Re: EUR/USD
« Reply #424 on: June 17, 2020, 01:54:56 PM »
Right now I am not opening long positions - the pair is clearly forming a correction.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #425 on: June 18, 2020, 02:29:32 PM »
It's been testing 1.1225 for quite a while now, I hope we will see a breakout before the end of the week.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #426 on: June 19, 2020, 03:01:03 PM »
Consolidation continues today, by the looks of it there won't be a breakout today.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #427 on: June 22, 2020, 02:38:15 PM »
It's pulling back from 1.1180 for now but I think that is just temporary, the correction is not over yet.

Offline fxopen78

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Re: EUR/USD
« Reply #428 on: June 23, 2020, 01:00:35 AM »
Nice bulls on this morning, since yesterday movement on bull market,  I think today the pair might move more than 100 pips to rise before consolidation.

Offline diyforexskills

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Re: EUR/USD
« Reply #429 on: June 23, 2020, 03:12:41 AM »
I read somewhere that the major US banks are flush with cash; so much cash that they don't know what to do with it; because of all the stimulation packages and money printing.

So stands to reason that the USD will weaken and EURUSD will therefore rise unless the Europeans do something different.?
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Offline drunkfx

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Re: EUR/USD
« Reply #430 on: June 23, 2020, 08:17:35 AM »
I read somewhere that the major US banks are flush with cash; so much cash that they don't know what to do with it; because of all the stimulation packages and money printing.

So stands to reason that the USD will weaken and EURUSD will therefore rise unless the Europeans do something different.?


During QE, asset swap happens, bank accumulate cash instead of Treasuries not on top of it. It's a common misconcept, but not the Fed nor Treasury hand out money to people. In case of the Fed it's all about asset swap (swapping illiquid debt from the public to liquid money) in case of Treasury it's drawing consumption from future, because future generations will have to pay for the debt (so called Ricardian Equivalence).

Offline diyforexskills

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Re: EUR/USD
« Reply #431 on: June 23, 2020, 08:49:41 AM »
I read somewhere that the major US banks are flush with cash; so much cash that they don't know what to do with it; because of all the stimulation packages and money printing.

So stands to reason that the USD will weaken and EURUSD will therefore rise unless the Europeans do something different.?


During QE, asset swap happens, bank accumulate cash instead of Treasuries not on top of it. It's a common misconcept, but not the Fed nor Treasury hand out money to people. In case of the Fed it's all about asset swap (swapping illiquid debt from the public to liquid money) in case of Treasury it's drawing consumption from future, because future generations will have to pay for the debt (so called Ricardian Equivalence).

Thanks for explanation. But here was the story, I actually read a more detailed account elsewhere.

https://finance.yahoo.com/video/us-banks-see-2t-cash-144720734.html
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Offline Eliza Abrams

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Re: EUR/USD
« Reply #432 on: June 23, 2020, 03:55:13 PM »
Nice bulls on this morning, since yesterday movement on bull market,  I think today the pair might move more than 100 pips to rise before consolidation.

I expected a new move south but the pair may soon reach 1.1350 by the looks of it.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #433 on: June 24, 2020, 01:48:25 PM »
It bounced off from 1.1345 as I thought it may, I think next target will be around 1.1250.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #434 on: June 25, 2020, 02:43:37 PM »
The pair dropped to 1.1200, let's see whether there will be a breakout below that level, and a further move south.

 

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