Or he could say „FED closely monitoring the long-end of the curve“ just as Lagarde said yesterday.

EURUSD only

Also we just rebounded from the suppport line of a megaphone on M30

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I think it can head to 80 with a stopover at 85.

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Unless this is yet the next falling wedge

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For me it is this: we had the rising wedge in DXY as shown below with a fake breakout to the upside which ended exactly at the price where the peak of the wedge would have ended. Then we gapped back, broke to the downside as the wedge would have ...

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But also keep in mind that the stimulus package unleashes $1.6 trn which the Treasury had parked at its FED account for months. Meaning two things (1) USD liquidity will be massive which should weigh on the USD as a share of the billions will be ...

EURUSD only

Nearly a bullish engulfing again. Btw just in case you missed it there was a funny news of the ECB today. After weeks of trying to talk down the euro by saying that the exchange rate mattered a lot for their inflation forecast they said today that ...

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Inflation and twin deficit imply either US yields have to increase or the USD will have to fall. I still believe the FED will step in with further QE if yields were to increase even more. Hence the USD should sell-off sharply again in the next ...

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Wow this temporary squeeze below 1.20 was so sick, it looked like EURUSD would never ever revive again and I nearly lost my bullish belief. Now one day later we see a daily bullish engulfing. WTF

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I wonder how many times it has to come back until it decides for a direction. Seems it touched 1.20 and nothing happened, would have expected a huge squeeze below, but the squeeze might have happened at 1.2066 already.

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what a sick teasing with 1.20

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Ah now I got you, thanks. This that makes sense, the price drops today were quite freaky. Probably scared the shit out of anyone considering a long. I was watching the same wedge and think it is quite strong as it ends on the long term trend line. ...

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Hey Ata, what do you mean by „imitate a smash down“?

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Seems to me that this purple line goes right through your candles

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So there are two possibilities now. Either the inverse head-shoulders pattern in DXY is real and will go quite a bit further, or we just had a fake breakout and the price will reverse until closing. Myself, being still bullish on EURUSD, I believe ...

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Falling wedge on M1 now, ready to burst

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Nice bull flag, expect breakout to the upside.

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But I am looking at DXY in Bloomberg, not the Bloomberg Dollar Index.

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Strange, I just looked at the exact same resistance line in Bloomberg and it is not broken yet.

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On a daily basis with a monthly rolling window the EURUSD to VIX correlation is now around -0.2, while the historic range was around [-0.7; 0.7]... But now Ata will step in and tell you to focus on EURUSD. Btw I think the symmetric triangle in ...

EURUSD only