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Mitchelmarss
Dec 03 2020 at 09:16
posts 29
Yes, that’s true in my case also. I will wait until the direction is clear.

Maxim (Globtroter)
Dec 03 2020 at 13:24
posts 27
The uptrend is relevant for the EUR USD currency pair.
But the pair is in the overbought zone. You need to buy on a downturn.
However, the correction will be short-lived.
While the pair is growing strongly.
It is better to keep holding open positions. It is too early to fix the accumulated profit.

Robert (Robert647373)
Dec 04 2020 at 09:03
posts 95
I believe that the pair will continue its upward movement. Therefore, it is recommended to continue trading upward with the target of the resistance level 1.2180 (the last resistance level for this week). However, there are currently few guidelines for maintaining the upward trend. The pair managed to exit the ascending channel.
Nevertheless, the current fundamental background still allows us to count on a downward reversal of the pair in the near future.

stian
Dec 04 2020 at 20:27
posts 325
There is plenty speaking against the pair now.
- No deal Brexit might be a reality on mondays vote over the tax bill (breaking withdraw agreement). Negosiations is suspended.
- Poland holds firm not to approve the EU budget with relief package. Hungary and slovenia also voted against last time. They have not as much need as they have their own currencies and central banks they can use to support the economy. So they won't sway easy.
- ECB will increase the QE program.
- ECB might speak down or take action as they have previously signaled 1.2 as theirvmax level.
- Deflation is a reality. -0.3% in november.

Maxim (Globtroter)
Dec 06 2020 at 20:18
posts 27
This week, EUR USD may fall back to the level of the moving average on the daily chart.
If the price falls significantly lower, you should expect a pullback to the moving average on the weekly chart.
Have a good trading week.

Fichiers joints:


stian
Dec 10 2020 at 21:05
posts 325
How fall will it risk falling on no deal Brexit (the most likely outcome, betting odds is now standing at over 60% for no deal)?

Both the GBP and the EUR seem to largely price in some kind of brexit deal still.

Maxim (Globtroter)
Dec 11 2020 at 07:04
posts 27
stian posted:
How fall will it risk falling on no deal Brexit (the most likely outcome, betting odds is now standing at over 60% for no deal)?

Both the GBP and the EUR seem to largely price in some kind of brexit deal still.


If exit without a deal, EUR will rise and GBP will fall. Because Europe is bigger and more efficient than Britain. In the short and medium term. Then the GBP will start to grow, because the country will get rid of the dictates of Brussels. However, I believe that exit without a deal is unlikely, because it is not necessary for any of the parties. They will probably reschedule the date again.

stian
Dec 13 2020 at 15:00
posts 325
Globtroter posted:
stian posted:
How fall will it risk falling on no deal Brexit (the most likely outcome, betting odds is now standing at over 60% for no deal)?

Both the GBP and the EUR seem to largely price in some kind of brexit deal still.


If exit without a deal, EUR will rise and GBP will fall. Because Europe is bigger and more efficient than Britain. In the short and medium term. Then the GBP will start to grow, because the country will get rid of the dictates of Brussels. However, I believe that exit without a deal is unlikely, because it is not necessary for any of the parties. They will probably reschedule the date again.

It is worwe for GBP than EUR so EURGBP will rise, true. But it is bad for both,so one would see a move towards non-european currency (like USD and JPY).

German full lockdown till 10. january is also something that should way on the EUR.

Maxim (Globtroter)
Dec 14 2020 at 09:22
posts 27

It is worwe for GBP than EUR so EURGBP will rise, true. But it is bad for both,so one would see a move towards non-european currency (like USD and JPY).

German full lockdown till 10. january is also something that should way on the EUR.

As long as you buy, I will sell. You will lose money. I will earn money. Your predictions are incorrect.

Gabriel (GabrielO)
Dec 15 2020 at 10:20
posts 9
According to my forecasts, by the end of this week, the dollar should yield its positions against the euro.

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