Euro fall may takes a while

22 Jan 2020

One of the major currencies to trade is EURUSD and one that is also heavily traded for its liquidity, lower volatility compared to others.

It is now still in a bullish trend but things might change soon as we await ECB interest rate decision tonight. Will they leave it on hold or lower it further ?

Using the DXY chart as a guide, we can see that it has broken out of the bearish trend line and is charging up nicely. There is a resistance at 97.75 and we think once this level is broken up, it will continue to go higher towards the 98+ level.

No shorting yet, as we monitor the price action tonight

23 Jan 2020

Catatan

Praise Lord, it goes the way we predicted.

We are placing a short position now.

28 Jan 2020

Catatan

congrats to those who followed. Our targets are hit !

17 Feb 2020

Catatan

Praise the Lord. For those who understand the concept of taking partial profits and letting the remaining run, then you are in for more profits........

19 Feb 2020

Catatan

Notice the DXY is facing a resistance now, thus it is good to take some profits off the table and use it to reward yourself. After all, money remains a commodity unless we exchange it for goods and services to better our or others lives. So , go ahead and pamper yourself.

23 Feb 2020

Catatan

A short term buy may be available for EURUSD. Note that DXY is only doing a correction and not broken down from the bullish trend line. So if you are shorting USD pair, be cautious as you are executing a counter-trend strategy. Follow the main trend first for newbies till you are familiar before attempting new strategies.