Isn’t that because the dollar is at a 3-year low? Sorry if it’s a stupid question, but why would that be a reason to short EUR/USD?
Doesn’t sound like a stupid question to me.
I’m not sure it matters what the reason is for the distance to the 200. It’s just a reason for traders to decide to short it short-term, even if the overall trend is up.
We all know the market is waiting for the tariff stuff to get sorted out so the dollar direction is unclear. I’m hopeful for a gigantic bounce when China decides to come to the table.
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I look at the daily and notice the big change is right around Mar 04. That’s when the tariffs on Mexico and Canada started. If the tariffs get sorted, I’m thinking price moves back down in that direction. Not all the way to those levels, but definitely down.
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Agreed. There should be a dollar bump every time a nation agrees to a new trading arrangement because of the tariffs.
That’s my take, anyway.
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For Sure!! After i implement this amazing strategy and got some weight in my bank balance, I eagerly want to meet you… Thanks for everything you shared!
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Here’s wishing you big profits!
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When are we getting this dollar bounce?!?! I need some tariff deals already!
I’m super overweight dollar longs. Bad bad bad!
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Don’t try to catch a falling knife
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I hear you!
I’m playing small-ball until some stability returns.
Life changing income
No long signal yet. The Long signal could come soon (a few days or a few weeks).
I have scalping charts with these shorter XU channel settings too. I like to load up with 0.01 to 0.05 size entries either when the violet and yellow signals start appearing or as pending orders just above or below the Heiken Ashi Lime/White line.
Its a lot of fun.
SupDem turned on
USDJPY is interesting right now. I see what you’re seeing, but dollar and yen are all over the place!
I’ve got a couple already!
