WE AGREE ON THE LONG, BUT?
I see too many people convinced on a brutal long of eurusd from this level..Ok the macroeconomic situation leaves one to think that the dollar will continue its decline in a massive way, there is talk of a cut of 50 basis points, there have even been speculations on 75 basis points but according to my studies and the general sentiment the cut will be 25 basis points, the Fed knows well that the world of stocks and indices respond well to a minimum cut but with higher frequency.
In my opinion we are faced with a great speculation, the dollar has already discounted the various news, as has also done the euro index leaving very important areas to fill (0.30% gap is not a small thing)
If there really will be a significant rise, I expect to see these areas filled first... Even the DXY is in an area that has historically always made the market react upwards.
So how to behave?
If you are looking for a long wait for better areas, now we are in premium zone.
If you are looking for a short, you can try from these levels.
If you are inexperienced, go to dinner in a nice restaurant and reopen the charts tomorrow morning.
In any case, use your head and low lots.
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