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Interesting viewpoint. GBP and EUR below parity means that Euro union is in big trouble right now, economy wise. And the worst is yet to come.It may seem like that, but as for me it was a temporary correction to the downfall that started last year.
Considering that the Federal Reserve increased interest rates again in November, then we can expect some further strengthening of the greenback, for sure.
Hi guys! I’ve read a lot of interesting analytics here. But what can you say about some other iForex instruments? Is there anything appealing to trade on?Interesting viewpoint. GBP and EUR below parity means that Euro union is in big trouble right now, economy wise. And the worst is yet to come.
I also trade metals sometimes along with major currencies.Hi guys! I’ve read a lot of interesting analytics here. But what can you say about some other iForex instruments? Is there anything appealing to trade on?
I don’t think so. What you see at the moment is just a necessary price recovery before the final bearish movement.It makes sense. I’ve tried to use the same patterns for the different currencies before, and it didn’t end up well.
By the way EUR and GBP are getting stronger against the greenback. I think the worst days of those currencies are over. It means that we can search for good entry points to open long positions.
Well, I guess time will tell who was right or wrong. We shouldn’t exclude the fundamental factors out of all the variables.I don’t think so. What you see at the moment is just a necessary price recovery before the final bearish movement.
So for me, nothing changed. USD is still the strongest currency in the time of global economic hardships.