EURUSD October, 12/2020 - Let's go fishing...
Updated
Not legal and financial advice; any information provided here is only the personal opinion of the author.
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We get disposition among whales...Goldman S. pushing higher - seems they want to offload to rams above 1.21/23
JPM already closed core long and trying to play tactically and imho it is short rather long already.
I'm with pirates. DXY 93.60 level expected to be test 4 commitments.
Cheers!
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Core support level for bulls 1.1764-54, once lost you can catch some knifes, so take care. Spain yield debt pricing hints us that markets are really out of any mind already.Note
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EU COVID Recovery Fund has not been ratified. I can not buy eur only on the fact that G.S. wanna earn more profit and feels insane backed up by TrumpPumpPum, and other clowns pushing stimulus for a dead stonks market. Just a view. Everyone has the right to make stakes in this casino.
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When they sh!t themselves with their stimuli, I do not even like to see them tear their hair out on their butt, because they will grave us all. Pity.Note
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When such perma eur bears like me start thinking that more upside is possible and that it is nice idea to trade against such strong support levels as 1.1750 and 1.17 it is already a hint foe bulls that the game is might be over... just a note, you can throw it away.Note
money talks ... Italy yields at 0.7%
US at 0.78%
Spain at 0.15% ... something seems broken already, we just do not know what.
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