Forex EUR/USD Daily Video, April 08, 2020

Hi Sive. What do think about £Index.? Is there a potential 'Double Top' Pattern coming off the Top of sloping Triangle resistance on Higher Timeframe chat.!?
I am hearing rumours that the $ is 'Doomed'..!!??
 
I am hearing rumours that the $ is 'Doomed'..!!??
FX: In the dollar we do not trust
Sooner or later dollar should collapse but euro has its own problems:
- Spanish Government Aims to Roll Out Basic Income ‘Soon’
- Europe's future is at stake in this war against coronavirus
- mainly Italy and Spain want free money but Germany, Netherlands and Austria are against giving money out of current system of financing (debt based on state bonds) Italy ups coronavirus stimulus spending to €750 billion - nearly half its GDP, but these countries, especially Germany, can not survive without common market..
I expect agreement should be made but big changes are inevitable.
Last 2 initial unimployment claims €$ passed in different dirrections, 3 millinons Up, 6 millions Down, so what supposed to happen with another 5 millions I have no idea, but I am more bearish than bullish in short term.
Only for gold & silver I am 99% sure will go up..
 
Hi Sive. What do think about £Index.? Is there a potential 'Double Top' Pattern coming off the Top of sloping Triangle resistance on Higher Timeframe chat.!?
I am hearing rumours that the $ is 'Doomed'..!!??

Hi Brett, indeed, DXY is coming to decisive level. Take a look weekly FX research - there is monthly chart where dollar is coming to all time K-resistance area. This will be either historical breakthrough or...
About "doomed", hardly this is possible in a blink of an eye, because you can't just "doom" 70% of global merchant as all commodities and other stuff are traded in dollars. " Dooming" process should be gradual, I suppose. This is just common sense suggestion, but who knows... what our "partners" prepares.
 
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