ridethepig | EUR Market Commentary 2020.03.05

已更新
A playable break here in euro, with a more solid resistance found at 1.124x which seems to be the next target for buyers. Now DAX sellers are entering back into the picture which will keep EUR in bid and help us corner our opponent up slowly before a momentum break, though this attempt could be better seen in German Equities:

ridethepig | DAX 2020 Macro Map


The position which is reached is full of resources, such as:

(i) ... EURUSD macro breakdown

ridethepig | EURUSD 2020 Macro Map + Flow Breakdown


(ii) ... ECB Floor

MAJOR Reversal around the corner in EURUSD


(iii) ... birds eye view then... breakout

 Birds eye view ... long term EURUSD map


You should also take a look at the Dollar focus which arises via FED artificial devaluation of USD:

ridethepig | Dollar Focus


The position we have here appears really simple and clean, but is actually rather complex given the dangerous environment. A break will allow buyers to occupy the flow and expose the 1.124 jurisdiction. In positions like this, play the momentum with extreme force.

ridethepig | EUR Market Commentary 2020.03.04


Thanks as usual for keeping the likes and comments coming, jump in with your charts and views in the comments!
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