EURUSD Analysis (ongoing)

guys, look at the chart, leave the comments on tv or news channels.
there s no better time to trade then now, i don t wanna seem as a bad person but coron has given us so many chances to make money, such nice volatility… it s insane, wish market could stay like this forever lol :smile: (not rejoicing on the back of the people suffering), but…
take a look in history, everytime when there where alks of recessions, global masacre, etc// price almost always went the other way :smile:
always finds support or resistance when it seems doomed to fall or skyrocket (take a look at gold).
i for 1 look at the facts on the chart, news are just catalysts for the moves that are slowly building n the charts to play out. what goes up must come down and viceversa, and since we re trading currencies, there can t be an evil standard deviation from the average price for too long as that would kill trades between countries, comerce etc…so just enjoy the beautiful volatility and stay green

Sells are good for the next couple of weeks but then it will turn round I reckon when The USA gets hit hard by the virus

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I’ve been holding EURUSD shorts all week and have decided to hang onto them over the weekend, I think we still have more falling to do yet!

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Yeah i can see that if you had the bank and the knowledge then going sort on indices would be great!

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Same as that all signs point to bearish momentum

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All my Sells came in it’s just common sense really make sure SL isn’t too tight !

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Even shorts on Gold did me well !

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Good for you then. :+1:

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Seen some talk of it getting down to the 1.03 level before a real reversal is on hte cards. That would be one hell of the price to by at

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EUR/USD - 17/03/2020 - Been in sells since Monday, can’t see anything changing the markets.

Europe taking big hit due to coronavirus while demands for dollar rise.

I’m shorting this as well as a few indices.

How does everyone else feel about this pair? Think we have a week of the same old coming up? :stuck_out_tongue:

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Yeah I’m leaning towards shorts on this. EU is getting smashed by Covid-19. Some big US news tomorrow so see how that pans out

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Yes, I agree with your analysis…

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I think until the European situation with coronavirus is showing signs of improving it will be continuing like this.

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Yea mate looks like sells is the way to go with this pair at the moment.

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ive been in some sell positions and made some profits so continuing a sell

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Dropped right down to the 1.800- mark and has started to start to pull back but i still think its heading south to fill the old gap!

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Still heading south for a bit yet i reckon too

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you got positions open?

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ive done well on this!

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EUR/USD - 20/03/2020 - Still in shorts from Monday, have pretty much doubled my capital with shorting stocks and other indices as well.

Seeing no signs of stopping, maybe when virus hits US harder?

Interesting excerpt about the dollar:

“On Friday, the dollar’s bullish trend is a nightmare for the various nations and groups that have borrowed massively in the dollar, pointing to further selling of developing market currencies in a negative feedback circle.

The U.S. Federal Reserve bank has prompted to ease global currency as concerns about a worldwide recession triggered a surge in demand for the U.S. dollar. The Federal Reserve announced it had settled swap lines to establish central banks’ supply in nine countries with the greenback.”

Hope your all keeping safe and at least keeping those at higher risk safe around you.

Do you think we’re gonna see a dive in the dollar anytime soon? :slight_smile:

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