ridethepig | EUR Long-Term Macro Map

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📍 EURUSD

Principal rule: Consolidation or 'compacting' for a more politically correct term of debt across Europe is the ONLY way to save the currency. Covid challenged this, and France & Germany combo stepped up to the mark. A complex concept, which regardless of the amount is a step in the right direction and was enough to begin to chip away at some of the longer term macro tail risks.

A very good time to update the before and after charts in EURUSD:

 Birds eye view ... long term EURUSD map


ridethepig | EURUSD 2020 Macro Map + Flow Breakdown


Here the static weakness of the USD via artificial Fed devaluation is a heavy one that will play out over the following Months and Quarters. Now consider the position in 'DXY' below taken from last year. Greenback sellers have been encouraged and smart hands haven taken advantage of Europe being hijacked via the virus for long-term macro positioning. I am certain that in a few years, nobody will consider surrendering their euros for dollars. The disappearance of dollar dominance will open the way for a new and brilliant development of Europe and - the east.

Dollar Focus

Uwaga
For those wanting to track the inner flows and waves in this initial swing:

ridethepig | Eurobonds Positional Play
Beyond Technical AnalysisecbEUReuroEURUSDfedlagardepowellridethepigTrend AnalysisUSDWave Analysis

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