EURUSD: Long term is very much alive...

Update to my recent post on X showing the quarterly up trend that triggered in

EURUSD
at 1.10257 recently...

Today the market received what it needed to convince itself of bullishness against the Dollar in all shapes and forms, as a result all assets priced in USD are rallying. I identified 4 key beneficiaries to the current macro backdrop and what lies ahead:

Foreign currencies
Precious metals
Nearshoring beneficiaries / Foreign stocks ex-US
Cryptocurrencies: BTC and ETH courtesy of ETFs

If you reside in Europe, it is wise to find ways of hedging from Dollar depreciation, even more so than in the US given that your costs are in EUR and the Euro can appreciate long term and in a dramatic fashion.

If you trade FX you will have a lot of chances to milk swing trading and position trading opportunities with low risk in various currencies, this is the type of environment where active Forex trading can give us a huge payoff with a trend following strategy with a proven edge, like Time at Mode which I learned from my mentor in this very site since 2013 or so.

Hope you're having a nice Friday and best of luck!

Cheers,

Ivan Labrie.