The desperation for cash | 18 Marzo 2020

18 Marzo 2020, EUR/USD

The desperation for cash

EURUSD trading plan:

Dislocation in the U.S. bond market, where the yield on government debt has gyrated wildly for the past week, illustrates the desperation for cash. Meanwhile the coronavirus only spreads, as country after country adopts draconian social restrictions and a war-footing mentality to try and contain the outbreak. The global death toll is above 7,980, the number of cases is approaching 198,700 and the economic fallout of what is in effect a global lockdown is spiraling. This is a negative signal for the Euro.

Trading recommendation: Sell 1.1030 and take profit 1.0975.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus