Currency question

V

VicBee

Quick question...
I bought a property in Spain a couple of years ago, 25% down on a 27 year mortgage.
I'm thinking of selling some stocks in the US to cover an additional 20% of the property since my assets are in USD while the loan is in EUR. The idea is to take advantage of the near parity.

Is EUR expected to drop some more against USD ? The trade off is a market recovery within 2 years that could increase my stock investment by 20% versus the risk of the EURO regaining 20% in the USD.

Any feedback appreciated.
 
EURUSD needs to see a reaction here really and make a HL on the daily. Personally I expect to see the low broken and a continuation of the bearish structure we have seen for the last 18 months or so. Just my opinion though.
 
Agree. Currently sitting on monthly support 0.99410 area. If broken 0.87120 area is next to watch. Then potential new all time lows below 0.82270.

Certainly no upside reversal in sight ATM.

edit: updated chart image to add LH's LL's markers.
!Euro.png
 
Last edited:
earth_imperator said:
EUR will fall further, IMO. Especially in this expected "winter of crises" in Europe... I guess around 15% to 20% below parity to USD.
More...

Agree, also inflation is even higher in EU than US.
And if ECB raises rates the way they should we get another sovereign debt crisis, Italy and others are simply not able to refinance at sustainable rates when ECB goes to like 4%.
 
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