How EUR/USD Could Rebound..

13 בנוב׳ 2024

The recent fall seen on the EURUSD is reflective of growing USD strength within a major 'Risk On' market.

Investors far preferring to hold USD than most major currencies, except risk currencies like the CAD/NZD/AUD.

EUR and GBP getting left behind slightly due to natural investor preference.

We know the ECB is fairly tentative on lowering rates as they have stated there is a lesser need to based on the state of the economy and economic recovery.

The case is somewhat similar for the US, as Trump will likely have an inflationary effect and the FED is confident in their current position.

Any further data will likely amend this or keep it the same, but I would not be surprised if rallies occur after the extent of the current fall.

Long bias maintained.

15 בנוב׳ 2024

הערה

Reasonable price rejection on the EURUSD> Looking for follow through. Awaiting key retail sales data.

17 בנוב׳ 2024

הערה

Still long minded into Monday.