is EURUSD ready for a long term swing ?

tizianob

tizianob

Institutional investors are reducing their SHORT positions
Professional investors are already LONG and are increasing their positions.

market sentiment is positive and increasing

In my opinion it’s time for an important swing that will see the price of the cross EUR/USD rise

What do you think?

MM61XZzp
 
zdreg said:
They are two garbage currencies racing to the bottom. Perhaps you are right.
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In a situation where they are paired, as the Op asked, they "both can't race to the bottom" simultaneously.

+ + +

As to the question - U.S. dollar often makes trend changes near end of current year or start of the next. My guess EURUSD moves higher but not dramatically so. GBPUSD and EURGBP already has a good start of the Euro itself and likely will continue to outperform it.
 
zdreg said:
They can race to the bottom by losing purchasing power from inflation.
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So what exactly does that have to do with a potential trade of the pair?

And I am guessing, you have never traded currencies and maybe pairs trading in general?
 
SunTrader said:
So what exactly does that have to do with a potential trade of the pair?

And I am guessing, you have never traded currencies and maybe pairs trading in general?
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If you trade the way you guess I will start a go fund for you when you are bankrupt.
 
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