EURO is under big fundamental pressure. (UPDATE)

Hi Traders, this is my plan for this pair, if the all conditions will be met I will enter (or might not). Make sure you follow me all updates will be shared here from opening until the close of the trade. Don´t hesitate to comment with any questions and hit like for the support.

Reason: EUROZONE have problems due to corona virus and the Coronobonds. Where the Italy and Spain have troubles. They need help, however rich countries dont agree.

COT - now looks bullish on the speculators side, but total volume is very low so it can be changed very quickly.

Technical: Sell to the bottom of the channel.

Initial analysis:

Update: Now we need the break thru the middle band of the channel

FX Hunter Strategy is based on mainly watching the big picture of overall world economy and dividing the FX pairs in to couple baskets.Following the volume of big players ( COT by CFTC) and tick volume helps to see what the market movers are doing. Parallel channels, Supply / Demand and Market Profile are used to determine levels of interest for the trading. Slight usage of Elliot waves for the market structure.

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