Daily forecasts

Eurusd – Beginning Of An End ! – 12/15/2016

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Eurusd – Beginning Of An End ! – 12/15/2016

It is tough to envision positive future for the euro during such divisive social stance we ar witnessing across the world. Euro’s problem isn’t a Fed hike but it’s experiencing the existential threat. If it’s all about rate divergence then it can be mitigated or it may not have such downside reaction for one of the most forgone conclusion in Fed’s history. Sellers were simply awaiting the event risk to pass and currently they’re back to sell any rallies. we ar short euro and will keep on trading from the short side unless something changes drastically.

Why it’s going to be tough for the euro to survive? Euro’s future is hanging on German tenacity. UK is out. For France, troubles ar simply getting started. Italy – who cares ?!. other little suckling states ar insignificant anyway. currently once Markel is gone, who knows what the next Premier will do. but one thing is sure that, next government won’t be very accommodative. seems like massive players have already figured that out and piling into German bonds, even though negative yields ar about to touch full percentage point. the idea of big western alliance to thwart Russian advance is already dead. world war II has been forgotten and people hardly learn anything from the history.

It is sad to see that people refuse to live with love and harmony but this is the reality. euro break up and then demise is just a question of when. how to trade it? It’s currency market therefore you just do not short or buy being dogmatic like a bozo. Here is the cheat-sheet to trade euro. – If you’re short from good levels, preferably above 1.0900 then stay short. – want to initiate short then, wait for the bounce towards next resistance. each 50 pip up is a challenge for EUR/USD therefore 1.0550 is first. But 1.0600 and 1.0650 is very attractive to short. – until EUR/USD can rise above 1.1000, sell any good rally. Hopefully see you all at parity junction.

 Eurusd

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Mohammad Riad

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