EURUSD - in the resistance cluster
- I am bearish on EUR, though the main stream media narrative seems to be opposite
- the rate will be cut, but the reason is not winning with the inflation but loosing with the slowdown. In such cases USD is still the place to go
- EU economy is weak and it doesn't look like anyone there has any idea how to move forward...
- the liquidity created after the pandemic seems to dry up. Markets expect to see QE on the similar scale soon, what I doubt
- the price respects technical levels almost to the point and now go to the resistance cluster, so I believe it will go down from there. The target - medium term 1.03800. Long term: Parity.
- the rate will be cut, but the reason is not winning with the inflation but loosing with the slowdown. In such cases USD is still the place to go
- EU economy is weak and it doesn't look like anyone there has any idea how to move forward...
- the liquidity created after the pandemic seems to dry up. Markets expect to see QE on the similar scale soon, what I doubt
- the price respects technical levels almost to the point and now go to the resistance cluster, so I believe it will go down from there. The target - medium term 1.03800. Long term: Parity.
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