[EUR] Bearish EUR in the Short Term 2021 0706

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] The Euro in the correction  2021 0630

cf. [EUR] The moderate Euro 2021 0624

Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.

The one of the major currency pairs, EUR/USD retreated after the fluctuating during the U.S. holidays. The pair rose in the Asian session, it stepped down at the beginning of Europe session though.

The euro succeeded to exceed 20 Moving Average in the four-hour chart, it failed to rise along the upper band of Bollinger Bands though. It fluctuates in the bands and it is not certain the euro gain against the greenback.

It seems the euro retreats in the short term.

The German ZEW Economic Sentiment hit 63.3 worse than expectation 75.0 and the previous record 79.8. It lowered the euro against the dollar.

As Federal Reserves supported the hike of the benchmark interest rate, the speculative investors diminished the long positions of the euro, Yonhap Infomax reported citing DowJones on Tuesday(GMT).

Meanwhile DowJones reported, Saxo Bank predicted the bullish euro in September after German parliament election. It expected the possible German ruling party would raise the bond yield and the euro rise.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn 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