{"id":544,"date":"2021-04-17T19:16:18","date_gmt":"2021-04-17T19:16:18","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=544"},"modified":"2021-04-17T19:17:00","modified_gmt":"2021-04-17T19:17:00","slug":"will-be-king-dollar-back-next-week","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2021\/04\/17\/will-be-king-dollar-back-next-week\/","title":{"rendered":"Will be king dollar back next week?"},"content":{"rendered":"\n<p>Last 2 weeks worked out well, with my bearish USD bias, but now I am looking towards longs again. Look at EU&#8230;2 weeks ago, when it looked super bearish below 1750, all analysts were bearish, retail was super bearish&#8230;and then every little jump up, people were selling. 1840 was shorted heavily, 1900 even heavier&#8230;and now? <strong>We are at a possible triple top at 1980 and people seem to be buying.<\/strong> Can you believe that? Selling the lows and buying the tops is a neverending retail story, it seems. I am not saying we can&#8217;t break 2000&#8230;and if we do, it will most likely go towards 2100, but the chances are way better for a short right now, especially when you see retailers and analysts turning long. Because <strong>if this 1950-1990 area doesn&#8217;t break upwards<\/strong>, it will create a <strong>TRIPLE top<\/strong> on the daily chart! And that can be very nasty for bulls&#8230;with a possible downmove of 300-400 pips. Next week we have ECB on thursday, so its hard to predict what will happen before that&#8230;if the market keeps ranging or if it starts a trend before the meeting, but either way, I think the <strong>1880-1920<\/strong> area will be reached next week. <\/p>\n\n\n\n<p>Another reason for EU bears are other correlated USD pairs. GU is close to a good short area now&#8230;it might even be there now, but even if it goes 50-100 pips higher in some quick move, its still a short in the medium term, 3560-3600 is still a number I am waiting for to be re-tested. GU closed at 3840 on friday and I expect a retracement towards 3760-80 minimum early next week and from then on it depends if this area is defended or not&#8230;and if even 3680-3700 breaks, bulls might end up very badly. Monday will give a first clue&#8230;<\/p>\n\n\n\n<p>UJ also worked out well this week, I had a target of 108.50 and 108.60 was hit, so I gladly got rid of all shorts, in case we&#8217;ll will keep ranging  upwards again, for a while, but if we come close to 111 or even above 110, I might start looking for shorts again. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"502\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17EU-1024x502.png\" alt=\"\" class=\"wp-image-545\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17EU-1024x502.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17EU-300x147.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17EU-768x376.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17EU.png 1096w\" 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=\"475\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17GU-1024x475.png\" alt=\"\" class=\"wp-image-546\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17GU-1024x475.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17GU-300x139.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17GU-768x356.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17GU.png 1095w\" 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=\"463\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17USD-1024x463.png\" alt=\"\" class=\"wp-image-549\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17USD-1024x463.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17USD-300x136.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17USD-768x348.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/04\/17USD.png 1211w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Last 2 weeks worked out well, with my bearish USD bias, but now I am looking towards longs again. Look at EU&#8230;2 weeks ago, when it looked super bearish below 1750, all analysts were bearish, retail was super bearish&#8230;and then every little jump up, people were selling. 1840 was shorted heavily, 1900 even heavier&#8230;and now? [&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\/544"}],"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=544"}],"version-history":[{"count":2,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/544\/revisions"}],"predecessor-version":[{"id":550,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/544\/revisions\/550"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}