EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #2381 (permalink)

Bamberg, Germany
 
Trading Experience: Beginner
Platform: Sierra Chart
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Favorite Futures: mini FDAX
 
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I think we are heading lower and maybe close the gap at 1.08. It is interesting to look at the weekly and compare it to the interest rate changes in the ECB and FED. The big decline in 2014 as the ECB's eased while the FED was still holding zero. then 2015-2016 range bound as ECB was at zero and FED started to raise rates. Then 2017 was the reflation theme for the US (big tax breaks aka stimulus & more debt) then reality bites with continued FED increases. Also fwiw, the DX looks like its either in a expanding funnel top or a ill formed bull flag.

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When will the ECB raise rates?
https://www.bloomberg.com/news/articles/2018-07-20/draghi-will-just-about-raise-ecb-interest-rate-before-retiring

Market looks like its pricing in another rate hike in the US so putting downward pressure on the Euro.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

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