The analysis of this starting position shows us two important triggers to conduct additional entries to our long positions.
=> A flanking manoeuvre is underway, but also a quick-witted fundamental swing; the euro's transition towards a funding currency and eurobonds saves it from collapse. As long as this expectation exists, the euro is going to have large hands on the bid and sellers cannot administer any traps.
📍 Monthly Chartpack:
📍 EURUSD Technical Flows
Whatever may be the case, the macro flows are beautiful, as beautiful as the legend of Hamilton. The trigger in 1790 was Britain, for Angela Merkel its Covid. European politicians needed to use a crisis to apply pressure at critical moments. This contact with federalising the debt is a game changing concept and will give euro strength until the dollar devaluation is exhaust...Getting back in touch with the technical flows and our original starting position which is just as miraculous.
Eyes on 1.13 today, taking it with NY will open up 1.15 initial macro targets. This should allow sufficient light on further development of the romance in waves. All the more so, since w have already dug deeper into the live flows and revealed the most difficult secret of all, namely the art of when to marry and divorce positions.
Thanks for keeping all the support and feedback coming 👍 or 👎 ...
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A quick update on the flows here.
As long as 1.115x is holding we are in the status quo, only a quarterly breakdown would imply more chop to come.
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