A lot of talks about recent EUR rally, a lot of emails I got from you with the one question – “Will it continue?”
So, let’s have a deeper look at this market. We know that the only positive in Europe is the fact that Macron won elections and European zone looks like “more safety and stable” for investors.
But there is another – negative side of “European medal”. It’s not a secret that European economy needs recovery and it takes time. You also know that most of European countries depends on export. So, what we have now? – Strong EUR hurts export, companies loose their profits, it has negative impact on unemployment.
So always pay attantion on what government and Cental bank needs. Don’t be foolish and don’t trust speculative movements. Main function of forex is regulative, not speculative!! But I think many of you have forgotten about it.
ECB don’t need strong EUR now. So, we may expect some kind of consolidation and downtrend into the zone 1.15 – 1.12 and only after we get momentum, ECB recover economy we  will see real uptrend reaching 1.30 or even higher. But not now.
That’s all for today!

Wishing you a great week!

Sign up to our Newsletter

(We do not share your data with anybody, and only use it for its intended purpose)


No Representation Is Being Made That Any Account Will, Or Is Likely To Achieve Profits Or Losses Similar To Those Discussed Within This Site, Support And Texts. Our Forecasts and other Texts on this Website Should Be Used As Learning Aids. If You Decide To Invest Real Money, All Trading Decisions Are Your Own. The Risk Of Loss In Trading Commodities Can Be Substantial. You Should Therefore Carefully Consider Whether Such Trading Is Suitable For You In Light Of Your Financial Condition.

Futures trading is speculative and involves the potential loss of investment. Past results are not necessarily indicative of future results. Futures trading is not suitable for all investors.