{"id":385,"date":"2020-12-19T20:48:07","date_gmt":"2020-12-19T20:48:07","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=385"},"modified":"2020-12-21T09:53:01","modified_gmt":"2020-12-21T09:53:01","slug":"dollar-bulls-could-get-some-relief-soon","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2020\/12\/19\/dollar-bulls-could-get-some-relief-soon\/","title":{"rendered":"Dollar bulls could get some relief soon&#8230;"},"content":{"rendered":"\n<p>This month is tough for dollar bulls&#8230;especially EURUSD is having a one-way ride, which is very strange. Its normal that fundamentals are behind technicals&#8230;it can take some time for fundamentals to be shown on the chart, but this month even technicals don&#8217;t seem to work. I keep thinking why that is&#8230;but for that to understand, I will need to see the following moves. It could be that the big boys know something we don&#8217;t and try to load up at better prices. If a brexit no-deal was announced this year, then it would make all sense. But next week is Christmas week and we have only 3 regular trading days, thursday and friday will be most likely &#8220;dead&#8221;. I expect more from the week after, New Year&#8217;s week and then the first full week in january. Those should be big movers and lift the dollar up. Right now USDx is hovering around 90 and whats a better spot to build longs than now. We saw a similar fight at 100, which also took some time, but once bulls lost there, we had a 1000 pip drop. As of now, my dollar target is 93-95 &#8220;only&#8221;, lets see what happens if its reached.<\/p>\n\n\n\n<p>I also have a different reason to believe that EURUSD will start a drop and its on the EURJPY and USDJPY chart. UJ is close to what I think will be the bottom and should go up from here. Even though it can range in this area for a while, so no crazy upmove or downmove are expected for now. And when you look at the EJ chart, its at a strong resistance zone and can easily drop 300-400 pips. Now combine those 2 together and you get EURUSD as a full bear into the coming weeks. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"404\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/UJ20-1024x404.png\" alt=\"\" class=\"wp-image-386\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/UJ20-1024x404.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/UJ20-300x118.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/UJ20-768x303.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/UJ20.png 1137w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"404\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/EJ20-1024x404.png\" alt=\"\" class=\"wp-image-387\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/EJ20-1024x404.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/EJ20-300x118.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/EJ20-768x303.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/12\/EJ20.png 1137w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>This month is tough for dollar bulls&#8230;especially EURUSD is having a one-way ride, which is very strange. Its normal that fundamentals are behind technicals&#8230;it can take some time for fundamentals to be shown on the chart, but this month even technicals don&#8217;t seem to work. I keep thinking why that is&#8230;but for that to understand, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/385"}],"collection":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/comments?post=385"}],"version-history":[{"count":3,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/385\/revisions"}],"predecessor-version":[{"id":390,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/385\/revisions\/390"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}