 |
| EUR/USD four-hour chart, source:FXDD.com |
cf. [EUR] EUR Preparing Leap 2020 1216
cf. [EUR] Fluctuating Euro above 1.21 2020 1209
cf. [EUR] EUR, Preparing to Exceed 1.20 2020 1129
The currency pair EUR/USD has risen trying to make the new trend.
The pair succeeded to break through the main bearish trend line and exceeded 1.20 in the year.
The euro which has risen without the explicit pattern fluctuate in enlarging amplitude. It supports that euro won't show the dramatic rising again for a while and it may be in the correction.
Gjallarhorn recommend the watching the market carefully not to deal the currency pair now. And it is end of the year, many traders take the rest preparing the next year.
It is still valid to keep the long bias to euro, buying euro, though euro hovers in the sidling channel. But it doesn't mean the purchase euro now.
The key currency, U.S. dollar rose on Tuesday, it is thought that the concern of COVID-19 re-proliferation and the detection of coronavirus variant in the UK called the risk-averse sentiment.
The dollar index rose 0.1% to 90.561, extending its gain for the week to 0.7%. That still leaves it on track for a more than 6% decline this year.
The infection cases have surged in the United States. It is reported, the accumulated cases may reach over 20 millions in the year. The infection cases exceeded 18 millions and the death toll is near 320 thousands in the U.S. according to the research by Johns Hopkins University.
But the vaccine injection cases help the easing of the investors' anxiety. The President-elect Joe Biden and NIAID Header Anthony Fauci were injected the coronavirus vaccine respectively. Fauci said the vaccine might be effective to the variant virus, too.
U.S. Congress passed an $892 billion COVID-19 aid package overnight, it didn't affect to the market though. Because the market participants already expected.
------------------------------------------
Gjallahorn does not provide any signals, but tries for traders to get the insight into the market.
You can ask by messenger and e-mail.
Facebook messenger and telegram(@morgenluft)
e-mail - kmuk001@gmail.com
You can join telegram channel t.me/gjallarhorn_report .
If this report was helpful to you, please support it. The amount of your support is up to you.
PayPal kmuk001@gmail.com.
Thank you.
e-mail - kmuk001@gmail.com
Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report
https://www.facebook.com/Gjallarhorn.report/
http://morgenluft.blogspot.com
#Gjallarhorn, #EUR, #euro, #EURUSD
No comments:
Post a Comment