{"id":631,"date":"2021-07-09T22:37:26","date_gmt":"2021-07-09T22:37:26","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=631"},"modified":"2021-07-09T22:39:31","modified_gmt":"2021-07-09T22:39:31","slug":"usd-might-be-in-trouble","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2021\/07\/09\/usd-might-be-in-trouble\/","title":{"rendered":"USD might be in trouble&#8230;"},"content":{"rendered":"\n<p>Apart from EU, all other pairs worked out very well this week. UJ and UCHF dropped hard&#8230;GU printed a strong bullish candle, too, only euro was not as strong compared to other currencies against the dollar. But that can easily change next week&#8230;and EU can make up for this week with a re-test of 1970-80 next week. Easiest trade of the week might be EG, as it is back below 8550, which is a strong demand zone. EU bottomed nicely during London on friday and then created a new support zone above 1850 during NY. This zone should be re-tested next week and if bulls can stay above it, then a break of 1880 upwards is inevitable. As for GU, its NY support zone was 3825-35, created during London fix, which makes it significant. So, if both pairs would re-test their newly created support zones, EG would go up towards 8580-8600, at least. So early next week I expect EU and GU to be bearish, to re-test their support areas, where they should turn back to bullish. But EG still remains the easiest trade into next week, as GU&#8217;s bull move on friday was fairly overstreched, so the correction should help EG to attack the 8600 area again. Medium to long term, I am bullish on EG into 8700 and possibly more, so buying the dips is not a bad idea either way.<\/p>\n\n\n\n<p>From a fundamental standpoint, USD might be in trouble due to a debt ceiling deadline. Long story short, the US is out of money to spend&#8230;with a weekly spending around 50 billion and 400 billions left to spend&#8230;its only a matter of weeks until the money runs out, if the debt ceiling isn&#8217;t increased. And this happening during summer holidays doesn&#8217;t make it easier to solve. As we know, politicians are hard working individuals, who need to work many minutes every week, so they need to take a break over the summer, to gain new strength, because nobody suffers as much as them. Of course they will make a deal in the end, otherwise government would need to shut down again for a while, like it did in the past already. And once more money can be borrowed, more money will need to be printed again&#8230;which will increase the inflation and devaluates the dollar for a while. I would like to see the USDx to re-test the 90 area again&#8230;to see if it manages to stay above, despite all the printing&#8230;and if it does, then start buying it again. But its too early to buy now, above 92.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"511\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU1-1024x511.png\" alt=\"\" class=\"wp-image-632\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU1-1024x511.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU1-300x150.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU1-768x383.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU1.png 1089w\" 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=\"510\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU2-1024x510.png\" alt=\"\" class=\"wp-image-633\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU2-1024x510.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU2-300x149.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU2-768x383.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10GU2.png 1088w\" 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=\"510\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EU-1024x510.png\" alt=\"\" class=\"wp-image-634\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EU-1024x510.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EU-300x149.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EU-768x383.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EU.png 1088w\" 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=\"511\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG1-1024x511.png\" alt=\"\" class=\"wp-image-635\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG1-1024x511.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG1-300x150.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG1-768x383.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG1.png 1088w\" 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=\"511\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG2-1024x511.png\" alt=\"\" class=\"wp-image-636\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG2-1024x511.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG2-300x150.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG2-768x383.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2021\/07\/10EG2.png 1088w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Apart from EU, all other pairs worked out very well this week. UJ and UCHF dropped hard&#8230;GU printed a strong bullish candle, too, only euro was not as strong compared to other currencies against the dollar. But that can easily change next week&#8230;and EU can make up for this week with a re-test of 1970-80 [&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\/631"}],"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=631"}],"version-history":[{"count":2,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/631\/revisions"}],"predecessor-version":[{"id":638,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/631\/revisions\/638"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}