Hello, Loves! This week should be a great week for ‘our’ beloved single currency 😜
- Draghi tried to hurt the euro on Thursday. However, it looks like Super Mario is losing his dovish powers, with most analysts still forecasting the announcement for QE tapering as soon as this fall.
EU Stability ⬆️
- All stars seem to be aligned for Emmanuel Macron – the pro-EU candidate – to be the next French President.
- Europe’s inflation beat all expectations on Friday, which can only fuel bullish bets for the euro.
Technical Structure ⬆️
- The EUR/USD hold around the 1.09 handle.
For all these reasons, it looks like the EUR is a buy on dips this week 😉
Hope you enjoyed the analysis and that you’ll be able to profit from it.
If you need any extra explanation, just leave a comment and I will answer it the best I can.
Much Love 💙