ridethepig | EUR Market Commentary 2020.02.24
A very important weekend across the globe. Italy, Iran and SK weighing heavy on virus sentiment as capital rushes out the doors. Any hopes of a Q2 rebound are starting to fade and that USD haven demand we’ve seen of late looks set to continue.
All eyes this week remain on virus watch, a muted/slightly dovish Lagarde expected on the wires and here happy to sell any bounces into 1.085x/6x. A move through 1.0775 will trigger momentum.
On the Bund side things are a lot clearer with a -12% day!
Fast paced markets, tracking the 1.086x entry here for a leg towards the initial support at 1.077x. The waterfall is in play, good luck to all those riding the pig. As usual thanks for keeping your support coming with likes, comments and etc!
All eyes this week remain on virus watch, a muted/slightly dovish Lagarde expected on the wires and here happy to sell any bounces into 1.085x/6x. A move through 1.0775 will trigger momentum.
On the Bund side things are a lot clearer with a -12% day!
Fast paced markets, tracking the 1.086x entry here for a leg towards the initial support at 1.077x. The waterfall is in play, good luck to all those riding the pig. As usual thanks for keeping your support coming with likes, comments and etc!
Transaction en cours
Note
Note
NY bid the open...strong resistance at 1.088x/1.090x Note
Eyes on euro for the open... Note
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.