I am getting many questions about EURUSD, mostly the question is "can I buy the dollar it's very cheap, how low can it goes", here is my answer.
if you buy now, you are trying to pick a bottom for no good reason and you will be surprised how low can market goes sometimes, all big money, like institutional and government around the world, will go to the dollar now, for interest rate reasons.
if the EURUSD successfully broke above the previous swing low near 1.01500, then we can say we trend shift in progress and we can look to buy this market, but as its stands right now, the trend is still to the downside
Please support me by boosting this idea so it can get to more and more traders
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