IM CURRENT BULL ON EURUSD. LIKE 80% OF MARKETS, BUT WHAT IF ALL OF THIS WAS JUST A BIG CORRECTION BECAUSE OF THE EVENTS OF LAST WEEK?? OIL IS THE KEY FOR ME TO LOOK AT A BEARISH BARKET CONTINUATION, OIL BROKE IMPORTANT WEEKLY SUPPORTS AND MY POINT OF VIEW NOW IS HEADING TO 31.5 BOTTOM. WITH THIS IN MIND AND TAKING BOTH AGAINST THE US DOLLAR, THERE IS A CHANCE FOR ALL OF THIS HAVING BEEING A HUGE CORRECTINO FOR MARKETS, AND THAT PRICES WILL KEEP TO TEND DOWN. NOW IF 1.12 HOLDS 1.1 HOLDS, THE CHANCE IS FOR EURO WAIT FOR OIL TO BOTTOM AND GO UP BOTH TOGETHER. BUT UNTILL I DONT SEE OIL BOTTOMING, I WILL STAY SHORT ON HIGHS.
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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.