[EUR] Still Strong Greenback 2018 1115

cf. [EUR] Still Strong Greenback 2018 1114
cf. [USDX] Long Bias on US Dollar Index 2018 1109
cf. [EUR]Strong Greenback 2018 1031

The fundamental of Euro doesn't support the long bias of currency pair EUR/USD or futures of euro, Euro-FX. The consensus of GDP in Euro zone, next year is expected to 1.9 percent adjusted 0.1 percent point from 2.0 percent, and EU authority requested the adjusted Italian budget plan but Italy authority reportedly does not submit the revised budget plan. The negotiation about England's leaving, Brexit raises the uncertainty to euro. But the market participants predict U.S. Fed will raise its benchmark interest rate, Federal Funds Rate in December.

Greenback, the key currency in the world has risen, and its trend is expected to keep upward trend. Some economists think U.S. economy passed the peak and will lower its GDP growth rate. But the long bias to greenback is effective in mid term.

The weekly chart of currency pair, EUR/USD tries to build Head-and-Shoulders Pattern which signals price down. We need to watch the market of EUR/USD with short bias, that is, Buying US dollar and Selling Euro. The four-hour chart shows the price of the pair rising since Tuesday, but it tries to pass over 20 Moving Average. If the price continues to rise the price should face the correction, and its hike lose its power. If it make the price-rising pattern, double-bottoms pattern or reverse Head-and-Shoulders pattern, the price will fall to 1.1230s. The price in the one-hour chart contacted 120 exponential Moving Average and tries to rise again, but it may fail and turn down.

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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화================

[EUR] Still Strong Greenback 2018 1114

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

[EUR] Still Strong Greenback 2018 1114

cf. [USDX] Long Bias on US Dollar Index 2018 1109
cf. [EUR]Strong Greenback 2018 1031

The fundamental of Euro doesn't support the long bias of currency pair EUR/USD or futures of euro, Euro-FX. The consensus of GDP in Euro zone, next year is expected to 1.9 percent adjusted 0.1 percent point from 2.0 percent, and EU authority requested the adjusted Italian budget plan but Italy authority reportedly does not submit the revised budget plan. The negotiation about England's leaving, Brexit raises the uncertainty to euro. But the market participants predict U.S. Fed will raise its benchmark interest rate, Federal Funds Rate in December.


Greenback, the key currency in the world has risen, and its trend is expected to keep upward trend. Some economists think U.S. economy passed the peak and will lower its GDP growth rate. But the long bias to greenback is effective in mid term.


The weekly chart of currency pair, EUR/USD tries to build Head-and-Shoulders Pattern which signals price down. We need to watch the market of EUR/USD with short bias, that is, Buying US dollar and Selling Euro. The four-hour chart shows the price of the pair rising since Tuesday, but it tries to pass over 20 Moving Average. If the price continues to rise the price should face the correction, and its hike lose its power. If it make the price-rising pattern, double-bottoms pattern or reverse Head-and-Shoulders pattern, the price will fall to 1.1230s. The price in the one-hour chart contacted 120 exponential Moving Average and tries to rise again, but it may fail and turn down.





e-mail to - kmuk001@gmail.com
Telegram - @morgenluft




https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com





Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화

[USDX] Long Bias on US Dollar Index 2018 1109

cf. [EUR]Strong Greenback 2018 1031

On last Wednesday, November 7, US dollar index fell but it showed the support line at 95.76 in four-hour chart. The index continued its rally breaking 97 again and the long bias to USDX seems to be still available.

The circumstance around the currency market is friendly to US dollar. GDP growth of euro zone is lower than that of United States, and EU refused the budget plan of Italy and requested the adjusted plan. Italy authority should submit the budget plan till Tuesday. The expected Euro zone's GDP growth is adjusted 2.0 percent to 1.9 percent.

Economy growth in next year is not clear. Economy institutes predict 2.5 percent of U.S. GDP growth and China, one of G2 would record GDP growth to be 6.2 percent, lower than tentative 6.6 percent in this year. It is reportedly central banks in economy major countries buy gold and expect the fall of greenback.

In short term, U.S. dollar index will rise, it may face the correction in long term, next year.


e-mail to - kmuk001@gmail.com
Telegram - @morgenluft

https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com




Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화