Ian, as I expected, strengthened. But what happens to the dollar is a clear lie! Although the market is always right, not the right one who does not understand it is right.
But how to understand it when such a divergence, and this era everything grows and grows? And only by 46 they began to look at the indicators?
And now? On a week and daytime euro entered overdue a week ago. Therefore, levels above 46 can only be seen after correction. I think there will be testing 44, after which further growth of Eurusd is possible.
My position on the sale is visible on the graph. The current level of Take-Profit is not a goal. The goal of if it begins not to quickly move down, we remove the Take-Profit and move Stop-Loss in the embankment zone. Why not immediately remove Take-Profit? And for the fact that the market wakes up, it looks like. And it can be a false break down, followed by a turn. False holes are very nimble. This is a fixation of profit by large players or draining the feet, and such a movement is most often not due to the mood of the market as a whole.
The unemployment rate in the States and Europe in August was incredibly high, which was definitely supposed to affect the state of stock markets. So they fell by eating a divergence in all indices. And with currencies it is more interesting.
Unemployment in developed countries should, on the one hand, lead to deflation, t. To. The labor market is re -enriched with the proposal of labor (usually the salary is reduced as unemployment increases). And this provokes various antidephalicment measures (such as increasing interest rates). But, on the other hand, the redistribution of labor leads in long -term periods to its most effective use and stabilization of the economy, which gives an impetus to the development. In addition, many analysts (and I, too π expected a high unemployment rate in August. Hence the conclusion – the negativity of unemployment has already been taken into account, but the stock markets will still fall. And if they fall strongly, then we buy a dollar and yan.
Friday growth of indexes is not an indicator: very many were sold out at the wrong time. And those who sold on Monday – closed their positions on Friday. And this hooked large Stoplosses. Therefore, this is not the beginning of the rally. The rally will begin after the fall is over. And it has just begun.
Technically, on Monday, a small emotional fall in the dollar is possible. Then in the evening, closer to night, it is better to buy it. Anyway, against whom, except Iena. I would also buy Jena, but already somewhere on Tuesday.
I will not show graphs – this is not all there.