The EURUSD pair is a pump and dump scheme for billionaires.
It always drops to about 1.20 every couple of years only to retest 1.40 a few months later.
Always drops? How many times? Do u know why it bounced? Remember when they reached a deal with the states for printing usd to lend to eu to sell vs eu? Means they wont let it go down but it is worthless. Same as snb same as boj all intervening. Even with aud the government had to intervene verbally around 1.08...
But sooner or later they will pull the plug and many rich ppl will lose their shirts believing they are backed but instead they will take that money and put it into gold other commodities maybe even bitcoin if its around.
Word if advice dont play the game if you dont know your enemy. Half the time I bought contracts the price moved opposite of my order as my orders were big. The brockers are required to hedge the deals with banks so banks arent on the hook.. u have too many ppl against u...
I switched to bitcoin because its a new market and no collusion against me.
