EURUSD Analysis (ongoing thread)

ForexViking

Private, 1st Class
Messages
64
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? :)
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RachelEB

Corporal
Messages
73
There was a beautiful entry in to this Friday, but after market gaps the past few weeks I am not taking trades into the weekend right now, so will be watching the market open and hopefully a gap close to take entry short on!
 

ForexViking

Private, 1st Class
Messages
64
EUR/USD - 24/03/2020 - Dollar starting to take a hit.

I’m in a buy from 1.07 mark after we hit the 1.065 support a couple of times.

US announced no limit to quantitative easing.

I’m watching EUR news closely, and USD coronavirus spending package still to come I believe may push dollar further down.

Could we be on for a couple of weeks of bullish trading? Would fit the pattern :)
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