EURUSD#2--->Waiting to Sell:

2 mars 2020

Good day dear #investors and colleagues #traders.

Your attention a technical analysis of the currency pair #Eurusd:

#Comment_to_past_week:

The single European currency continues its victorious march to new heights using the global fall in indices. Funding the #carrytrade strategy through the euro has the opposite effect, market participants have come under attack and are now selling assets to repay loans in block currency.

If #carrytrade uses the scheme (For example, USA):
1. Get a loan of #euro --≥ 2. Sell euro / buy #dollars --≥ 3. Buy assets in the USA.

Then now the scheme is the opposite and it gives the euro growth:
1. Sell assets in the USA --≥ 2. Sell dollars / buy euros --≥ 3. Give a loan in euros.

Consequently, the withdrawal of liquidity denominated in euros.
Thus, the single European currency strengthened this week 181 points (+ 1.68%).

#Technical analysis:

Globally (D1):

Despite such rapid growth, the single European currency continues to be in the global downward range. Formed from September 21, 2018.

The current situation involves testing it for strength in the region of 1.1170-1.1200.

Locally (H1-H4):

The currency pair is expanding the upward channel, the pair overcame the downward movement and headed for new highs.

"In the euro, a rather strange picture is formed when it fell, there were no technically important significant levels of support. Now when it is growing, and like a hot knife, all levels of correction went through oil again, a situation develops in which there are no technical resistance levels."

By tradition, we call the weekly support and resistance zones:

A) Support: 1.0871 and 1.0714;
B) Resistance: 1.1119, 1.1210 and 1.1367;

#Orders_and_position:

Our system assumes that the euro value of the euro is currently overstated. And soon she can start a correction. This is confirmed by our leading indicators.

At the same time, a system that analyzes the “normal” price behavior tells us that the current trend is outside the normal movement.
= ≥ Enters sale at the time of writing the article early.

But, we will begin to look for consolidation movements to open short positions. We will give special attention to the global zone of resistance and the levels described above.

Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”

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