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FX Thoughts on Coronavirus
Euro / U.S. Dollar
FX Thoughts on Coronavirus
By Finteria
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Mar 30, 2020
4
Mar 30, 2020
High volatility of the Forex market brings traders back. What would be my advice to them?
Stay away from the market.
The economic damage is unknown
Helicopter money and bazooka bond buying can have unexpected effect
Technical levels are broken
No interest rate advantage for the
U
US
dollar
How to trade now?
Don't trade. But if you are still tempted...
Trade from important levels - monthly highs/lows and psychological levels
Don't be against the momentum
If the sell-off in the stocks continues, buy the
U
US
dollar and sell commodity currencies NZD and AUD
EURUSD
fx
Trend Analysis
Finteria
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