EURUSD easy money policy reversal trade beginning to fail

FX:EURUSD   Euro / US-Dollar
153 1
The EURUSD strength after the FOMC sounded less hawkish is running out of steam. The consolidation of EURUSD in the first week of April shows the market has digested this new policy line from the Fed - consolidation above recent highs.

The future direction now depends on who moves next? France and Italy are showing weakness in consumption and that is too significant for Draghi to ignore. He has set a precedent of trying to weaken the Euro at each opportunity. To not continue this easy money policy in the face of continued GDP risk will surprise the market and send the Euro much higher given the recent easy talk from the Fed.

Therefore I expect the ECB to give a strong message they are still willing to do everything to bring keep the currency low.

If the EURUSD breaks 1.134 tomorrow then I am looking for a 1.122 target.
same <
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden