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  • EUR/USD collapses to long-term trendline support

    From monetamarkets.com

    European lockdowns are hitting confidence in the region and its currency. Austria is good indicator for where potentially the rest of the zone is heading. That looks like increasing numbers of Covid cases and more social restrictions. Economic activity will be hit which means 2022 will kick off on a weak footing. Tomorrow’s PMI data are relatively positive and may be looked through due to recent developments. No doubt any miss will be seized upon. We know the ECB is already dovish in its outlook. A continuation of the pandemic simply gives policymakers more reasons to go slow. Speculation will grow of an extension ... (full story)

yes now it a good trade to go long
Quoting Familyguy
yes now it a good trade to go long
Will heaven fall if you just go with the trend of the market?
Why would you buy?
  • Post #4
  • Quote
  • Edited at 2:12pm Nov 22, 2021 1:49pm | Edited at 2:12pm
......and not yet done. "Long-term trendline support"? Get a longer chart.

Smart Money, that went to work selling while their cheerleader, Christine Legarde, began making use of her soap box to keep bulls encouraged, is NOT going to place their orders to close their short positions until they have accomplished more. And the drop is not going to be much hampered by the MMs until they've got price to the area of those coveted commissionable SM orders to close those short positions. Interim retraces will likely be only to again sucker longs for more liquidity to handle additional SM shorting before heading to the Finish Line. Sure, from moment to moment we cannot ever know how the MMs will move price next, but this is HTMRW. Right now the volume is not anywhere near enough to hypothesize this is the area for a true reversal.
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0.89 by the end 2022 ..I mean 2022
Quoting Donfeb
{quote} Will heaven fall if you just go with the trend of the market?
Trends dont last ever
Quoting Banditten
Why would you buy?
people still quareling with trend .....lol.... loss dey hungry dem lol
Trend dont last forever but could get distroyed before reversal
Quoting Familyguy
yes now it a good trade to go long
Yo what?? Go for sell for 2 hours, but monitor it properly, i used EMA200 and MA20, 50 and 100. They all seems to give bearish indication. EUR is really dead in water right now.
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  • Posted: Nov 22, 2021 11:16am
  • Submitted by:
     Moneta
    Category: Technical Analysis
    Comments: 9  /  Views: 2,133
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