FxMarketStrategy

EURUSD is baaad , WHY???

FX:EURUSD   Euro / Dollar AS
Hello,
EURUSD is bad to trade why?

Fundamentally,
USD is getting weak, FED reserve policy, ALSO EUR will get weaker, why? ECB pushed rate hike to 2020 if any, also started making it easy to borrow money, so EUR is getting weak.

USD WEAK, EUR WEAK, We will HAve a range market NO CLEAR TREND, Perfect market to LOOSE MONEY.

Price Range: EURUSD is not on top or bottom, kind of half way towards lower side, so Its risky to adopt one side, not Perfect price range now

Technicale, We are in down trend now, and should be looking for sell more than buy, but EUR weighting 60% in USD, this will make strong up trend for short period of times inside the big down trend, where people get fooled....

This is why EURUSD is not the best, however, Watch DXY and trade EURUSD on New York session when DXY is moving up or down, This is the best way to trade EURUSD now.

BUY bottom only AFTER fast MA cross SLOW MA. Sell Tops, only when MA cross happens. THUMPS UP IF LIKE

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