I know, I know... it has been awhile. It is still a very busy season for me, but thought I would take a few moments out to post what may be a solid opportunity forming in the EUR/USD pair. Gaps on the daily chart do not open up very often, and when they do, they are most often filled very quickly.
Will it be the case this time? I can't be sure with absolute certainty, but with today's large move having touched the daily upper bollinger bands with a daily gap up, I would be very very careful about buying into going long at this point. Looks like a scorcher to me!!!
China M2 Drops Below Stall Speed in April
-
China's M2 growth rate slowed to 8 percent in spring 2018 and briefly
(barely) had a 7-handle at one point leading into 2020.
6 days ago