Be careful with EURO longs
Just that you understand what is going on. Only unwise would take a risk of massive euro buying in this situation. EURO is devaluating rapidly and big institutions got rid of it at best price. I suspect it was a planned action between several private European institutions who were holders of long term big euro reserves. And the dull ones who bought overpriced EURO (maybe a state establishment like ECB) started to sell immediately, loosing billions. Where did they invest the sell. Not in Euro for sure. Maybe gold, yen, bitcoin? God knows...
Observe closely the ongoing supply line!
Observe closely the ongoing supply line!
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.