{"id":928,"date":"2023-03-24T21:22:00","date_gmt":"2023-03-24T21:22:00","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=928"},"modified":"2023-03-24T21:37:47","modified_gmt":"2023-03-24T21:37:47","slug":"european-bulls-might-be-done","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2023\/03\/24\/european-bulls-might-be-done\/","title":{"rendered":"European bulls might be done"},"content":{"rendered":"\n

This week, FED did exactly the same as last time. But last time they made a big spike above 1.10 and this time it was above 1.09. Both times there was a big reversal afterwards. This time everything looks the same, but that doesn’t guarantee anything, of course. Normally, I would think it could go both ways early next week, but luckily, Jim Cramer offered us his “helping” hand. He says Deutsche Bank is safe and well…which means a disaster is coming soon. Waiting for bad banking news from Europe any day now. lol<\/p>\n\n\n\n

Now on a more serious note. Technically, both EU and GU should retrace some more…EU could even re-test the 500-550 area and there would be another important test, if it breaks or not. I am confident we will see 850-900 again, too…so the question is which will come first…if we go towards 500 and bottom there, I will target the 900 area afterwards. We need to wait on how the week starts and if anything happens over the weekend, to provide some substantial opening gap.<\/p>\n\n\n\n

The thing that helps the above case are CHF and Gold. UCHF is finishing a strong bottoming, so I am expecting a big spike up anytime soon. That would help EURO bears, too. Gold made a few attempts to get above 2000 this week, but all failed. I have a feeling that only retailers are buying it around 2000 and all the big boys are selling. So Gold is a short for me, too, for the time being.<\/p>\n\n\n\n

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This week, FED did exactly the same as last time. But last time they made a big spike above 1.10 and this time it was above 1.09. Both times there was a big reversal afterwards. This time everything looks the same, but that doesn’t guarantee anything, of course. Normally, I would think it could go […]<\/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\/928"}],"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=928"}],"version-history":[{"count":2,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/928\/revisions"}],"predecessor-version":[{"id":935,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/928\/revisions\/935"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}