Forex EUR/USD Daily Video, April 03, 2020

Mr. Sive, I would still give Euro a chance if DXY will respect this AB=CD pattern or stay below the bigger 0.618 Fib from 103 Highs.

4.3.2020 dxy 4h.JPG


Also EUR/GBP is finding some support now at around 0.87600 level, I am taking a long here on EUR/GBP.

3.4.2020 EURGBP 1H.JPG


4.3.2020 EURGBP 4H.JPG
 
I would still give Euro a chance if DXY will respect this AB=CD
Agree, why would be reaction same on data which is alreday known? On the other hand, asset managers were euro long last Tuesday, if they start closing longs, we would drop a lot and FED should bail out pension funds too..
 
Mr. Sive, I would still give Euro a chance if DXY will respect this AB=CD pattern or stay below the bigger 0.618 Fib from 103 Highs.
Agree, why would be reaction same on data which is alreday known? On the other hand, asset managers were euro long last Tuesday, if they start closing longs, we would drop a lot and FED should bail out pension funds too..

Ok, guys, let's see, maybe it survives. But with 2 times worse NFP on board and with more to come, I'm afraid that people could start collecting USD again.
 
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