Short $EURUSD - ECB Hawkishness Overpriced?

asked by u/altcoin_aly · 14d · 4 answers

Seeing $EURUSD pushing towards 1.09, but I think the market is overpricing the ECB's hawkishness relative to the Fed. Eurozone economic data continues to disappoint, and the energy crisis isn't fully resolved. The rate differential is still in the dollar's favor long-term. Looking for a retrace.

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Top answers

  • u/gold_bug_omar· 36 pts· 13d

    Be careful, the market might be anticipating a more dovish Fed sooner than expected, which could lift $EURUSD.

  • u/macro_mariam· 26 pts· 11d

    I like the idea. The EU economy is on shakier ground than the US, despite what Lagarde says.

  • u/value_vik· 14 pts· 14d

    My charts show a bearish divergence on the daily. Agree with the short.

  • u/range_rider_yuki· 11 pts· 11d

    Good risk/reward here. I'm seeing resistance around 1.0920.

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