Valentasm

EUR hitting 1D strong support

Long
Valentasm Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Fundamentally eur is coming risk off since USD yield rates could collapse faster than eur.
Also Bernie could give support as he advocates better ties with Nato allies.
This pullback is good time to enter long.
No suprise that eur sentiment is bullish.

Technicall is strong support. Oversold. I havent seen but read that COT report is slowing down eur short positions and usd long positions.
Trade active:
Pending Home Sales Skid 4.9% in December
Comment:
Again very good time to add longs for eur and short usd jpy. Especialy usd jpy. Such pullback make perfect entry
Trade active:
Trade closed: stop reached:
Euro dissapointed me.
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.