Market is not random but unpredictable
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Time to Buy Euros? Not Yet.
One of the best performing currencies today was the euro. After selling off quickly and aggressively in the first week of March from a high of 1.21 to a low of 1.1835 the single currency quietly consolidated above the 200-day simple moving average as dovish comments from the Federal Reserve and an overall demand for high beta currencies halted the slide in the currency. As tempting as it may be to pick a bottom in EUR/USD, now is not the time to buy. The eurozone is mired in troubles. They’ve lagged the U.S. and U.K. in vaccine rollout and as a result of that delay, new coronavirus cases are on the rise, forcing ... (full story)
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- Mar 22, 2021 9:18pm Mar 22, 2021 9:18pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
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- Mar 24, 2021 5:58pm Mar 24, 2021 5:58pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable