EUR/USD

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.

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.

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.

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.

EURUSD has been ranging since 3th of December. Is there any clear reason for this, upcoming events etc., or is this just waiting for the hard Brexit to happen at the end-of-the year?

We have to wait till EURUSD hit 2530 area, And decide at that point, i do not see any short opportunity for now.

Currently, it seems that EURUSD broke out, and heading north.. Any reason for this? There are even two gaps in price data, which are visible in the 15M time frame.

Another thing to wait for might be the FED interest rate decision in this evening.

esperando retroceso de onda 2 (poco mas del 50%) y entrar en 1.21853 largo en la onda 3

If we compare the strength of this, USD has been quite strong the past few days and EUR might remain standard for a while.

Optimism over stimulus package is high with Biden coming in. Read in Fxview's reports as resistance is around 1.23700.

Good support on the EURUSD around the 1.2060 level which has touched on five ocassions during the last two months. The 200 month EMA is exactly at that level and that is why the pair is having trouble breaking below it. To the downside, the 1.2000 level could also act as support.

According to fxview report, eurusd is looking bit down due to employment change data. Any expectation?

EUR/USD is a very good pair to trade, I’m glad you started this thread.

The euro bounced nicely off support yesterday, a lot of euros have been sold on theweek so the next couple of sessions will be fairly instructive. Kaplan was the first Fedgovernor to vocalise support for tapering on the week yesterday, but overall US yieldsseem fairly relaxed as we head into payrolls today. If that price action is repeated todaypost US data, think we will see more of the same in terms of currency movements, abias to own commodity/growth currencies and gentle support for the euro. A verystrong payrolls print will likely see some pressure in fixed income and potentially givethe dollar a lift (1.5m+ on the headline?) especially if the equity market doesn’t like theprospect of taper chat. I retain a small long bias in the euro whilst we stay above1.1980/1.2000 and a move through and close above 1.2110 I believe will increaseinterest in the euro up move once again.

EURUSD is currently rising and trading high at 1.21 as the market mood improves, but it is said that the currency may also fall to 1.20 as the US data set trigger a fresh rush to the dollar.

I also think the dollar is weak and the euro dollar is very bullish. In the coming months we are likely to see EURUSD revisit 1.39000 and even higher.

EURUSD: Critical Resistance ahead.
Directly closing break 1.2211/43 will extend strength to 1.2275 at least, the measured objective of the breakout pattern.
Below 1.2125 would be the early sign of a potential correction phase.
No change for the medium term view of boarder range with potential upside risk, but near term should be cautious on the tough barrier and potential momentum divergence.

DXY did not post a classic bullish outside day after FOMC Minutes.
However, there is a moderate buy signal generated by TendencyForex System target 90.58/94 initially.
Let's see how the trend develop in coming sessions.