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Euro / U.S. Dollar

FX Thoughts on Coronavirus

66
High volatility of the Forex market brings traders back. What would be my advice to them?

Stay away from the market.

  • The economic damage is unknown
  • Helicopter money and bazooka bond buying can have unexpected effect
  • Technical levels are broken
  • No interest rate advantage for the US dollar


How to trade now?
  • Don't trade. But if you are still tempted...
  • Trade from important levels - monthly highs/lows and psychological levels
  • Don't be against the momentum
  • If the sell-off in the stocks continues, buy the US dollar and sell commodity currencies NZD and AUDEURUSD
Finteria
fxTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxTrend Analysis
Finteria

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.