I'm targeting 80.00 here.
Essentially, we are going to reverse the bullish move made by the ending of QE in 2014 (not the rolling over of assets though).
This is a simple fundamental play, which can also be backed up by the heavy break of support at 91/92.
We should see the Euro push up further from here as dollar hedging costs have increased drastically, which can be seen by 3 month LIBOR rate increases over the past year or two.
This same phenomenon occurred before the financial crisis, where institutions looked at cheaper currencies to conduct swap activity with.
Essentially, we are going to reverse the bullish move made by the ending of QE in 2014 (not the rolling over of assets though).
This is a simple fundamental play, which can also be backed up by the heavy break of support at 91/92.
We should see the Euro push up further from here as dollar hedging costs have increased drastically, which can be seen by 3 month LIBOR rate increases over the past year or two.
This same phenomenon occurred before the financial crisis, where institutions looked at cheaper currencies to conduct swap activity with.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。