Short term bearish bias for EURUSD looking to fill Monthly FVG, correlates to the movement of DXY also looking to fill the imbalance.
strong support and continued strength of US dollar
Amid earnings season here's what we can see developing; - rising wedge has been broken, coupled with heavy resistance at the 0.618 fib retrac. lvl - US has no control over COVID-19 seeing headlines of infections soaring and news clips of packed beaches is disturbing. - Q1 earnings is bad what on earth is the outlook for Q2, its not going to be positive no travel,...
Thoughts on more downturn is the liquidity fueled stimulus running on fumes; thought id compare the 08 crash and the current situation love to hear the thoughts on what happens from here
After two recessions within 5 years is this a index buying opportunity for long term growth ? GDP numbers were down upto 3% 2014-15 post that it was on a recovery improving from 1-2% a year then COVID( put the handbrakes on). Also a recovery in oil markets would boost this index.
possible recovery pattern based on looking at past crashes; (understand fundamentals are different to previous crashes)