Europe is About to Get A lot More Expensive... $EURUSD
The Euro. A lot of people hate it, but that doesn't mean that we can't make money off of the damn thing. Europe is about to get a lot more expensive. Remember those parity calls? That was funny.
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There is no opinion that is more powerful than the market. There is no right or wrong side. There is only the winning side. Q4 of 2018 and 2019 is setting uo to be a doozy. The euro is about to make an explosive move off the lows just like it did at the beginning of 2017. I am telling you that the MAJORITY of the big players and the media are WRONG. What is currently happening is that the dollar has bounced back and got everyone long again. Now the Emerging Markets and the Euro (and other currencies) are holding serve.
After being one of the ONLY people on the internet that was calling for the failed breakdown at 1.04 to fail (while everyone was calling euro/dollar parity), I called the ripper to 1.25 plus. Well now we know what kind of legs this thing has. I envision that the euro is playing THE SAME EXACT PATTERN HERE. Look at it...
The Euro is headed back to 1.35+ here. EEM will be ripping up, Dollar will be crashing, Crypto will be ripping, Metals will be lagging but will likely blow off the move :)
PS: I am powering up 100% baby!
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by heyimsnuffles
I don't follow this market, so I can't add value by means of a comment on whether I think that you're right or wrong; but this is certainly an interesting situation. Hopefully you called it right and can get a few extra credibility points! ;)
Wrong on EEM today, that is for sure lol
😂 Murphy's Law
As you said, the only way this scenario happens is if the USD does crash, as the EUR is 57% of the basket of currency, known as the dollar. This also assumes, Italy, Portugal, Spain and France don't crash out first.........We';; see how this shell game plays out over the next six months.
Thanks for sharing your predictions @heyimsnuffles
I believe that most countries in the world will become more expensive. Global economy is slowing down and it will affect pretty much everyone.
yours
Piotr
I love the Euro! Makes life easy for a frequent traveller like me. Italy is the new Greece however so buckle up!