sebking1986
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I think we are heading for the covid low of 2020 around 1.0636 personally.
I think we are heading for the covid low of 2020 around 1.0636 personally.
I think we've seen the bottom now.....
When the bottom finally establishes we are going to get some immense long positions that only come about once in a while07/03/2022 - EURUSD weekly analysis.
I probably don’t have to say it but we are currently in a black swan event.
Sanctions have been implemented against Russia for the unprovoked invasion of Ukraine and more are on the way.
The EURUSD has fallen due to uncertainty over the war and we are more than likely to see more downside as we continue.
The ECB and other central banks were having to deal with inflation already and looks like it will be a lot harder from now on.
EUR will take the brunt of the panic but most likely we’ll start to see the US affected by the squeeze on commodities.
All in all the countries closer to the conflict will be affected more leaning me towards the downside for the pair.
All eyes will moss likely be on the war and fundamentals will play a large part in how the markets move now.
For now, it’s sells for me but there will be a time when it will turn around.
P.S. Sell the Ruble.
Slava Ukraini!View attachment 74712
I agree, some good trades to come off of this drop. I am planning my entry soon.When the bottom finally establishes we are going to get some immense long positions that only come about once in a while