The Big Long - EURUSD

10 thg 6, 2019

From a technical perspective, EURUSD has been in a major accumulation period and I don't believe we can go lower without a major correction first. We've seen virtually no correction since the trend change in April 2018. From a fundamental perspective, as of right now the Fed has a dovish tone on USD and is expected to cut rates sooner than later, meaning we'll start to see the markets price in a weaker USD. Also from a sentimental perspective commercials are at an extreme net long position and currently see a decrease in longs and an increase in shorts. I like the odds on this one.

27 thg 7, 2019

Ghi chú

As of today (July 27) this pair is looking bearish as it approaches the 2019 low but there's still a possibility this will be a liquidity grab (fake-out) and I'm hoping that's the case so I can buy low and potentially catch this trend reversal

27 thg 7, 2019

Ghi chú

Also this pair has a negative correlation to USDCHF and I've had interest in a USDCHF swing sell for some time based of fundamental USD weakness and technical sell signals so USDCHF down = EURUSD up (most of the time)