EURUSD 16 Oct 2020

Updated

We got two levels, from my point of view, to watch 4 today 1.1664-1.1674 on the downside and 1.1731 on the upper side.
Close on 1h, better 4h will show next direction for this pair.

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sry 1.1674-64 ag 1.17276

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So, if to try to play tactically, imho it is better sell on spikes till 1.1720-27, but I will run away if it close above 1.1731

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but until it is under 1.1731 I will sell on spikes...

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frankly I wanna see another dip to 1.1679 - 1.1666

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All this new COVID19 cases in Europe and a real threat to economy did not give any chance to see EUR at this high levels, they are too high from my point of view.
We are here just because FED manipulating the markets.
Stonks the same story. But FED and U.S. now in the trap.
There is a possibility of a sudden disintegration of structure? Yes
In this case we will see collapse of all finances in U.S. and that will lead to a USD appreciation in short, sharp turn, then blast and disappear of usd as a currency or hyperinflation of usd against main rivals.

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Robinhood warns day traders to raise their cash buffers on 'widely-held stocks' hours before market open...
when broker gives such advise:
1. They know your position and know all other positions that seems are crowded in one particular direction. You can guess and you are not to be a rocket scientist, that this is not short positions.
2. They do it before market open.
Only Trump pump and his 2 minions can save robinhooders.

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I have a question...
Can we rely on IG data regarding retail traders short/long positions?
I was expecting everybody long eur already at this levels, but IG shows that it is still 60 percent retail short fiber ... Interesting.

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Not legal and financial advice; any information provided here is only the personal opinion of the author.

AlpacaBlack

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