Fundamental and Analysis: Euro sinks for covid-19 cases!!! Alert
In the H1 timeframe. Euro see bearish pressure right now, so, the price is broke down the bullish channel and we hope a drop of 1.02%, that is 120 pips of profit!!!
Lookin in Daily, the expectative is so bearish.
And in H4 timeframe, I want to share you any thing. We see a bullish BAT, we see in this formation of this harmonic pattern, it's a great oppotunity of indication to continue sell Euro!!!
Now, I want to share my fundamental key to take in noticed what happened in the European Union this week:
1. Euro is under pressure on lockdown fears ahead of macron address.
2. Euro fell against the dollar today as following a media report that France's government was leaning toward retristions a national lockdown to curb a resurgence in coronavirus cases.
3. France considers national lockdown about the announcing a new one-month more national lockdown to combat exploding numbers of covid-19 ases .
4. Euro to U.S. Dollar falls as France and Germany at further lockdown. Eurozone sinks as economic outlookds dims and suffere that Eurozone's two largest economies are considering new covid-19 restrictions.
So, in my opinion, investor are selling Euro, becuase we see a bad point that France and Germany has covid-19 explode record and their governments need to put any restrictions and rules to take control in the Europe nations. That has a warn on the Euro!!!
Goodl uck on this short position!!!
Lookin in Daily, the expectative is so bearish.
And in H4 timeframe, I want to share you any thing. We see a bullish BAT, we see in this formation of this harmonic pattern, it's a great oppotunity of indication to continue sell Euro!!!
Now, I want to share my fundamental key to take in noticed what happened in the European Union this week:
1. Euro is under pressure on lockdown fears ahead of macron address.
2. Euro fell against the dollar today as following a media report that France's government was leaning toward retristions a national lockdown to curb a resurgence in coronavirus cases.
3. France considers national lockdown about the announcing a new one-month more national lockdown to combat exploding numbers of covid-19 ases .
4. Euro to U.S. Dollar falls as France and Germany at further lockdown. Eurozone sinks as economic outlookds dims and suffere that Eurozone's two largest economies are considering new covid-19 restrictions.
So, in my opinion, investor are selling Euro, becuase we see a bad point that France and Germany has covid-19 explode record and their governments need to put any restrictions and rules to take control in the Europe nations. That has a warn on the Euro!!!
Goodl uck on this short position!!!
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