Hi everyone! I’m not an active member, but I’ve been stalking around for some time and would like to start giving my input more frequently, participate more and develop experience along you folks.
I would wait for confirmation of breaking of first support line, and depending on this, I see two scenarios: buying opportunities retracing back to the MAs around 1.12-1.10 if price holds… If it breaks through, I’d aim for 2015-2017 price levels, around 1.07-1.05 before bouncing back or even sinking further (who knows? )
EUR/USD - 19.02.2020 - Seems to be no signs of reversal today.
Still holding sells from Monday, well done to anyone trading this major downtrend.
“However, the currency pair registered its worst level in almost 3-years, and shared currency trader’s still adding bets for further losses in the day ahead.”
Seems like the coronavirus is taking it’s toll on the EUR and propping up the USD treasuries as a safe haven.
Was hopping to see a reversal this week but no chance likely so far.
What are your guys thoughts on this? Think we might see a reversal come into being?