eurusd

18 ม.ค. 2021

Dxy is currently rallying to make a break of bearish structure on 4h at 91.010, eur zone central banks are dovish, in monetary policy trying to save their neck from deflation they have had a negative gdp and now a gdp of 12.5% their central bank are accepting QE in other to have money in the economy devalue the euro, USD is going to approach inflation way before eur and increase interest rate, and so far their QE has been positive on economy yielding higher gdp of 33.7% and and higher consumer spending, but BOT for usd has been negative,eurusd interest rate differential is negative with respect to usd having a stronger rate to euro, now my technical support is wychoff distribution on eurusd h4, and and redistribution on xauusd h1, volume has eluded the highs of the consolidation but resided on the lows.
Remember, you have to follow-up the fomc release as well as changes in ecb interest rate, but if all factors remains the same the dollar is going to rally further against the eur