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Where Is The EUR/USD Heading?

Published 09/18/2017, 10:07 AM
Updated 07/09/2023, 06:32 AM

In currencies when a down cycle end marked by valuation a new up cycle emerge...

Are you willing to risk 0.0257 pips in order to get about 0.0750 pips on the EUR/USD? The EUR/USD is undervalue and is coming from a bottom made when the over valuation on the USD price was greater than the depreciation of the USD Value. Marking the end and the start of a new cycle.

Now the measure change and for the EURUSD to reach a state of overvaluation the under valuation on the price will have to get 2 times at least of the USD depreciation in value for the long term and that is still far away, meaning a continue long trend on the EUR/USD.

It is easy to make huge fortune trading currencies but you need to know how Valuation work. Currencies trading is not for in an out, it is for taking position in the direction of the trend indicated by and only by Valuation. The risk of the EUR/USD to fall to the 1.1700 is minimum but there is a possibility.

Now the EUR/USD is going to the 1.2700 level on the next few weeks at the most. We advise to buy the EUR/USD taking into consideration the fact of the risk of 1.1700 and hold the long term position at least to the 1.2670 to 1.2730.

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