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It already started - with a free fall
This is not a free fall - yet
Now Euro will have its black Friday
This is not a free fall - yet Now Euro will have its black Friday
If FED changes the rate, then it will be the black Friday
EUR/USD reached 1.2000, but I think it will drop even lower and reach 1.1950 or even 1.1900 before correction begins.
In the coming months we might see something similar to S&P : irrational market with no signs of becoming rational
I believe with bearish strength we have right now and with the selling pressure, the current path will continue down.
I believe with bearish strength we have right now and with the selling pressure, the current path will continue down.
Yes, but is it oversold?
Long to short ratios before the market open :
No gap (1.2003 Bloomberg rates)
EURUSD 63% long -> algos are in perfect position to push the price down. Waiting for next "unprovoked" fall of Euro
no gap? 1.1957 on my platform
* 2 min later: below 1.19
no gap? 1.1957 on my platform
It happened in the last second before the open
1.1936 on my platform. See what happened to Bloomberg prices :