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| EUR/USD four-hour chart, source:FXDD.com |
cf. [EUR] New Variant and the Strong Safe-haven Asset 2021 1128 https://youtu.be/PPfYePfIV4I
The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.
Gjallarhorn has liquidated the Short position of Euro at CME and has no postion. It still has the short bias on the euro.
After the sharp fluctuation, the currency pair EUR/USD moved up and down in the diminishing channel in one-hour chart and the four-hour chart. The pair reached the 120 exponential moving average in the four-hour chart in the early week but it failed to exceed it.
The pair hasn't exceeded the 20 moving average in the daily chart in the daily chart, yet.
There aren't the explicit patterns and the signals in the charts, and it is not recommended to get new positions. It is needed to watch the market without the trading now.
The risk-averse sentiment was taken due to the cases of omicron variant in the United States.
The cases of omicron variant raised the Japanese yen, safe-haven asset.
And the euro retreated against the dollar, as the Fed showed its hawkish explicitly and is expected to show the different stance from the European Central Bank's.
The Fed Chair, Jerome Powell testified at the committee of the House of Representatives and spoke the tapering acceleration would be discussed in the FOMC meeting in December. He spoke the possibility of the early termination of the tapering.
And the ADP Non-farm Payrolls in November increased 534 thousands, higher than market's expectation 506 thousands.
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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.
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