A good opportunity to buy the Euro
EURUSD has a "fair value" of around 1.36 according to OCED (data.oecd.org/conversion/purchasing-power-parities-ppp.htm)
It was oscillating around that area for a while until a period of divergent monetary policy - the fed stopping their money printing presses and the ECB starting theirs. This brought the Euro to almost parity.
But now we are entering a period where both central banks are reducing their QE activity.
I think we will start moving back towards that 1.36.
Take a small position today because this is nice retracement. A small position allows you to take a much bigger loss in terms of pips. Add once we're back over 1.18/9 and then keep adding on weakness and taking some off on strength.
It was oscillating around that area for a while until a period of divergent monetary policy - the fed stopping their money printing presses and the ECB starting theirs. This brought the Euro to almost parity.
But now we are entering a period where both central banks are reducing their QE activity.
I think we will start moving back towards that 1.36.
Take a small position today because this is nice retracement. A small position allows you to take a much bigger loss in terms of pips. Add once we're back over 1.18/9 and then keep adding on weakness and taking some off on strength.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.