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nic9man replied Dec 3, 2020I keep buying dips anyway (regarding EURUSD), just meant that DXY 90.5 should at least be reached before the price move could pause a bit. Personally I think that this breakout is not even close to being finished.
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nic9man replied Dec 3, 2020
nearly spot-on, 90.511 it was... Though it is not yet said that the correction will come.EURUSD only
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nic9man replied Dec 3, 2020M1 is forming a symmetric triangle meaning at least one more leg up should be coming.
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nic9man replied Dec 3, 2020I liked this one better than the weekly. 1.2156, maybe bit higher to be touched first before potential selloff.
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nic9man replied Dec 3, 2020But still more shorts than longs, so the uptrend can well continue.
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nic9man replied Dec 3, 2020Not always but currently yes, because the USD is so massively overvalued. And having all my saving in euros I like to see them appreciate of course, besides my massive long positions in EURUSD...

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nic9man replied Dec 3, 2020So interesting to see how traders go short and short again in mid of a major breakout, burning their cash and keeping the trend going.
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nic9man replied Dec 3, 2020Sorry to say but it does definitely not suck. The downward movement sucked...

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nic9man replied Dec 3, 2020Btw as regards fundamentals - besides the twin deficit, monetary financing etc, I believe we have a strong flow issue here. Europe is a net exporter, so many companies are parking money abroad, in particular in USD, as the currency has been ...
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nic9man replied Dec 3, 2020I think the 1.2160-80 area will be a resistance where temporary shorts could succeed.
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nic9man replied Dec 2, 2020#Me too. I think 1.2450 might be a good short-term target area, in the DXY this would be 88.50. But 90.5 is a very strong support, might test it tomorrow. In EURUSD terms this would be somewhere in the 1.2160-75 area.
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nic9man replied Dec 2, 2020Trump apparently told Mnuchin to sign the stimulus proposel. If this would be true, then the next FED meeting should see an expansion of QE in order to buy the ~1trn. of new bonds issues. This would propell EURUSD even higher, 1.24 in sight. And all ...
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nic9man replied Dec 2, 2020Sure, just thought 90% sounds extreme - all these people should stop trading eventually and it must be quite hard for brokrs to attract new traders to burn their money if 90% leave over time.
EURUSD only