EURUSD last trading days of Aug.22 or do not follow FED in Hole?
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TSTW.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
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Finally sentiment already more or less bearish within eur and everyone believes that EUR is doomed and FED is hawkish.EUR is doomed (but not in the way you think) and FED is not hawkish in the way you expect them.
EUR doomed politically (the only thing that brings inflation in EU is PPI that depends on cheap oil and gas from Russia). Winter is coming, btw.
Once Europe change clowns that are serving to hell instead of their motherlands it will change fast, but ... this is not main scenario at all, so yes... European Union is doomed. Also I want to mention that I never seen so many clowns in european politics for decades.
That brings us a clear idea of EUR collapse in coming years as a currency, due to disintegration of the UNION.
TSTW.
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Again ... inflation in Europe is artificial and politically made. This is very important for our further steps and reflections.
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Back to our intraday fluctuations I hope to see still higher (in our corrective structure) that finally looking like very rare type of Flat within EW theory. Downside is a bit limited (on daily) due 2 very close from yearly and monthly support lines (clearly south as main trend, but looking for higher levels before main trend digest our current corrective pattern).
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