What are you guys expecting as high before correction? So far most expect 1.1750 - 1.18, anyone with a different or more specific target?

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And how is he gonna do this? If, then only the FED could influence the USD, but it won‘t work with rising interest rates this time as US debt is rising way too fast, besides the economy would not be able to cope with rising rates. For any kind of ...

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I thought of this as well because most strategists have been bullish already since a few weeks, however, a prominent counterexample is 2014/15 where the USD didn‘t stop appreciating while everybody on the street was bullish USD. If the fundamental ...

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Short ist Mord...

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New high at the close does not look like exhaustion to me

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A very simple analysis: Last breakout was at 1.10 then we went to 1.14 and rebounded to 1.12. This breakout was at 1.14, hence if the trend behaves as before we should make 4 cents to 1.18 and rebound to 1.16 thereafter. What do you reckon? And by ...

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or even years...

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Good point - or brokers are just collecting lots of shorts here in order to get more firepower for an up-squeeze.

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Wow, amazing German PMIs and quite remarkable that not even a 2% equity drop causes the USD to rise. Looks like the typical correlation might be breaking down here which could indicate a big USD drop ahead. Although I am generally biased towards USD ...

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I agree but for me the trendline is somewhat higher, I believe 1.1680 is the point. However, the exact point is quite uncertain as the line reaches back so long. Besides, a fake breakout is also likely when the first shorts have positioned with ...

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Usually the USD is strongest during acute downturns and it was. But now the downturn is over and much of the rest of the world offers a larger rate of return. The rate differential to the eurozone collapsed. Additionally you have a second wave which ...

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Don‘t forget that the largest export destination for European countries is Europe itself..

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Hardcore price action at this point

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Eyeing the FED next Wednesday it will be hard for the USD to gain ground. The jobless claims data increased today as a first sign of renewed labor market weakness due to the second wave and expiring fiscal support. The FED has to come very dovish. ...

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Now it is forming a small symmetric triangle continuation pattern - edit: has not worked..

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Up to the pip! Was the 40 really hit? In Bloomberg the low shows 41.

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1.1550 should also be a strong support

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Some anxiety before the US data, but in my opinion the FED will have to be dovisn in any case as the US debt pile is rising to quickly to be sustainable with higher rates, especially since the next stimulus package is already in the making.

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Ok thanks! Could you share when you liquidate longs please if you don‘t mind? Because I am starting to look for good liquidation areas, but think it is a little bit too early yet as we just broke 1.15 and it has not yet looked like a major squeeze ...

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I agree to the technical part. In my opinion the breakout above 1.15 was a big hurdle and should usually continue until a big squeeze ends in an inverted hammer which could touch the 1.1755 you mentioned. I was just wondering about your positioning ...

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