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21.02.2020 12:57 AM
Evening review 02/20/2020 EURUSD and USDJPY. Dollar trend, Trump & Sanders

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This is the USDJPY chart for the day. It is clearly seen that the yen broke out of range and gave a strong signal to the trend up, towards the dollar.

Thus, the yen joined the euro in a trend, and now it is much more difficult to resist the dollar - the pound and the franc.

Here is the euro:

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Gold has somewhat knocked the picture, steadily growing in recent days against the dollar.

Trump and Sanders:

Sanders won the debate - winning another victory. It is expected that heavyweights Biden and Bloomberg can still prevent Sanders from becoming the main candidate from the Democrats - they have strong support for the party bureaucracy and big money on their side.

Still, Sanders is still in the lead - and this is clearly in the hands of Trump. With an adversary like the socialist Sanders (he calls himself a socialist), Trump will win without any problems. A socialist president is too much for America in a state of good growth (the great Roosevelt was almost a socialist - but that was the Great Depression - unemployment of more than 25% and so on).

EURUSD: So far, everything is in favor of the dollar.

We keep sales from 1.0990.

Sell from rebounds up - from 1.0860 or higher.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
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