After the very bad news concerning the UK on the mutation seen in the COVID19, borders have been closed and a ban has been put on visitors from the UK.
The news had a very bad effect on the markets this morning with a huge sell off on GBP and Equity markets.
But to those who look closely the EURUSD didn't take a hit like the others and showed some strenght. We are close to the end of day and we can see a hammer forming on the daily chart.
This is case of study where a bullish market when to touch the MM20 and washed a lot of buyers to get the most of the liquidity.
EURUSD is still in uptrend long term
The news had a very bad effect on the markets this morning with a huge sell off on GBP and Equity markets.
But to those who look closely the EURUSD didn't take a hit like the others and showed some strenght. We are close to the end of day and we can see a hammer forming on the daily chart.
This is case of study where a bullish market when to touch the MM20 and washed a lot of buyers to get the most of the liquidity.
EURUSD is still in uptrend long term