DXY mess is EURUSD's gain ? For the time being

ECB offered Rate cut plus QE , EURUSD short up 1.1069 then collapsed 1.0927 then short up 1.1081 . This a clear Speculators move during Major Interest rate cut news . Currently the DXY heading below 98.25 while EURUSD is heading to 1.1081.

ECB is trying to weaken the EURO and every Global Bank, Hedge Fund & sovereigns know it plus the EuroZone economies are entering into recession then add in BREXIT.
Major Banks are revising their forcasts lower for EURUSD to 1.0800 in the next 0 to 3 months ,and is expected to remain under bearish pressure until end of Q1 2020

The Big Boys ( Banks & Hedge Funds plus sovereigns ) have not changed their fundamental positions . They are Net Short EURO and Long USD . The Price Angle of the EURO rally is too steep to be sustained and because the Big Boys are not playing at the moment:

IMO :

Sell EURUSD
Buy DXY

or Short EURUSD at this levels and lets see if we test 1.0926 Lows .

Note: Big Boys dictate the Price Action and Trend due to their gigantic Capital and resources . Currently they are not Net Buying EURUSD. Unless that changes i am seller of EURUSD or Buyer of USD

Yorum:

DXY has been falling like stone and the EURUSD shooting up like a rocket,

EURUSD is approaching 1.1100 quickly and aggressively
DXy is collapsing towards 98.00 so fast than i can type

Yorum:

The collapse of the DXY is amazing from 99.10 to 98.10 in a single day( in less than 24 hours ). That is called total collapse and still falling

In less than 24 hours the EURUSD has gained 1.0926 to 1.1101 (almost 175 pips ) . That is very aggressive

Yet fundamentals and Big Boys say otherwise ,

If the EURO Zone economies are entering recession , ECB cut rates and restarted QE then why would EURUSD be rallying ? Does that make any sense fundamentally ? NO but for Speculators it makes sense .

At the moment just go with the trend forget fundamentals for the time being

Yorum:

EURUSD clocking in 185 pips in less than 24 hours that's impressive and too aggressive . its still well bid as the DXY is collapsing miserably

Yorum:

EURSD below past 1.1100 to 1.1110 all the way from 1.0926 like a rocket. DXY is crying nearing 98.04 handle

As long as DXY has bearish momentum then EURUSD will keep rising no matter the fundamentals at the moment. At the moment the EURUSD momentum seem to be intact and no weakness yet

Yorum:

If US retail sales Control Group Data weakens then we are going to have the DXY continue to collapse and EURUSD continue to rally