[EUR] Temporary Rebounding of EURO 2022 0202

 

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

cf. [EUR] Falling EURO 2022 0126

cf. [EUR] Hawkish Fed and the Bullish Dollar 2022 0119

 

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 the short positions on Euro.

 

The currency pair EUR/USD rebounded forming the V pattern in the four-hour chart since January 28. The pair fluctuates after V pattern. If the pair continues to edge high, the dollar is under the correction of 50 percent retreat of Fibonacci.

 

It seems the pair may edge high to 120 exponential moving average, 1.1290 in the four-hour chart, and enter the correction term.

 

The chart has confirmed the currency pair has been supported on the long-term upward trend line again. It sank under the line but succeeded to float up the trend line.

 

As the currency pair EUR/USD rebounds, it enters the mixed price zone again. It isn’t easy to break through the zone at once. The price of the pair seems to return to 1.1140s.

 

The steep falling of the euro could rebound due to the reacting against the surging greenback. The dollar in the correction retreated some 38.2 percent in Fibonacci.

 

The hawkish Fed stance led the rally, but the investors thought dollar rose too much in the short term. And the surge of NASDAQ called the risk-on sentiment.

 

The Fed toned down. Patrick Harker, the President of the Federal Reserve Bank of Philadelphia spoke Fed wouldn’t hike the rate 50bp after FOMC meeting in March. He supported 25-bp hike but spoke that the 50bp hike might be possible while the surging inflation.

 

The expectation of the possible ECB’s hawkish act and the inflation in Euro zone supported the euro. The Dollar Index which measures the dollar retreated 0.35 percent to 96.282 on Tuesday.

 

There is still the momentum of the dollar’s rally. The market expects the Fed will hike the benchmark interest rate five times in the year. And they anticipate 25-bp hike in March and to 1.0 percent by the year.

 

And the investors need to watch the rising geopolitical risk in Ukraine, too. It may call the risk-averse sentiment.

 

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Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

 

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[EUR] Falling EURO 2022 0126

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

 

cf. [EUR] Hawkish Fed and the Bullish Dollar 2022 0119

cf. [EUR] Rebounding Euro 2022 0113

 

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 a short position on Euro.

 

The concern about the possible hawkish Federal Reserve and the risk of the conflict between Russia and Ukraine provoked the risk-off sentiment. And the dollar was mixed on Tuesday.

 

The currency pair EUR/USD is 1.12778 as of 10:53(GMT), Wednesday. And another major currency pair USD/JPY rises hitting 114.195. The Dollar Index tracking the dollar was 96.966 in New York session, Tuesday.

 

The Federal Reserve has held the FOMC meeting and release the Federal Funds Rate at 19:00, Wednesday (GMT). The market participants expect the Fed will show the outline of the currency policy in the year and concern the possibility of more hawkish Fed.

 

The market expects the Fed will hike the benchmark rate 0.25 percent point in March to 1.0 percent by the year.

 

The geopolitical risk in Ukraine rises more and more and raises the risk-averse sentiment. The U.S. Presiden, Joe Biden ordered the U.S. troops to prepare the dispatch.

 

The currency pair EUR/USD failed to break the 120 exponential moving average in the four-hour chart and continues to retreat. It fell to the bottom of the mixed band in late 2021. The rebounding signals of the euro aren’t found yet, and the bearish bias on euro is supported.

 

The pair failed to exceed the 20 moving average in the weekly chart, it makes the investors to get the short bias to euro.

 

But it is on the support line, the traders need to watch the chart carefully, whether the price is supported on the upward trend line.

 

If the upward trend line is broken, the currency pair plunges widly, Gjallarhorn thinks.

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

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

[EUR] Hawkish Fed and the Bullish Dollar 2022 0119

 

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

 

cf. [EUR] Rebounding Euro 2022 0113

 

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 no position just watching the market.

 

The currency pair EUR/USD retreated to the fluctuated price-zone after hitting 1.1480s. It sidles after the retreat.

 

It is anticipated the fluctuation in the sidling Bollinger Bands in the daily chart. And the traders can guess the currency pair rebound to the 120 exponential moving average, 1.1354x in the four-hour chart again. Gjallarhorn recommends the investors to have a bearish bias though.

 

The pair failed to exceed the 20 Moving Average in the weekly chart and it doesn’t seem to be on the upward trend. It is recommended to get the bearish bias on the euro.

 

The currency pair EUR/USD fell 0.79 percent to 1.1316 in the New York session.

 

The Dollar Index tracking the dollar against the currency basket composed of six major currencies rose 0.57 percent to 95.786 in the New York session.

 

The dollar surged as the U.S. bond yield recorded high in two years after the U.S. holidays. The market participants expect the Fed’s hike of the benchmark interest rate in March.

 

The market reflected the concern about the hawkish Fed’s action. Some experts forecasted the four times hike of the interest rate from this March in the year.

 

The yield of the U.S. Treasury Note recorded high in two years rising 7.7bp or 1.038 percent for a while. The yield of the U.S. Treasury Bond hit 1.86 percent or 6.8bp high.

 

The euro, however, showed its bearish trend. The ECB, European Central Bank is expected to keep the dovish stance otherwise the hawkish Fed. The currency pair EUR/USD retreated to 1.13 level in one week after exceeding 1.14 last Wednesday.

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

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