City: No One Understands Finance Better Than Me
Chapter 65 The Action Of The Bulls!
1.2620!
Just when many small and medium-sized investors breathed a sigh of relief, the EUR/USD market seemed to be fighting against them, and it pulled back a point, although not much, but it was of great significance.
what! ?
Seeing that the bulls had the upper hand again, even standing above 1.2620 twice, Chu Ge felt something was wrong.
Callback?
However, Chu Ge did not rush to make any moves, these two points do not explain much, and some short-term corrections in the market are also normal.
Just like when the euro/dollar rose strongly at more than nine o'clock, there were also several waves of repeated market movements, but the fluctuations were very small and did not exceed five points.
1.2618!
Fortunately, in the next second, the bears felt as if their territory had been violated, and the short list of tens of thousands of hands strongly suppressed the slightly rising EUR/USD.
On the other side of the world, the headquarters of Deutsche Bank in Europe, Charlie's face is very bad now.
A few minutes ago, when he saw the dancing golden old man, he felt that something was wrong.
In fact, just as he felt, the entire market, stimulated by this news, really began to panic selling.
The advantage that the EUR/USD had built up in the morning was ruined by these follow-up investors in just ten minutes. Charlie tried to release a large number of long orders at the beginning of the selling, trying to save the people's hearts in the market. .
But the four major banks on the short side of course also know that the bulls cannot be allowed to stabilize the collapsed situation, so as many long orders are released by the bulls, the four major banks will eat as much.
There is a gap in its own strength. When the wind direction of the entire market turns to the bear side, even if the many bulls on the Charlie side try to stabilize the EUR/USD, they cannot do it at all.
After seeing this clearly, the bulls on Charlie's side also decisively gave up the idea of directly going against the entire market.
Since it is impossible to forcibly pull up, then at least the momentum of EUR/USD should be delayed. As an old fox who has worked in the financial industry for many years, Charlie clearly knows that the most unbelievable thing in the entire market is that of small and medium-sized investors. investment trends.
They have always been where there is cheap, or they run wildly there when it seems cheap. They don't care about the overall market situation. For them, that side is stronger in a short period of time, so they follow that side.
"Throw me another 50,000 lots! At least give me a hold on the downward momentum of EUR/USD!" Charlie suddenly said to his assistant when he saw EUR/USD dropped below 1.2620 for the first time.
Judging from the time-sharing trading volume, Charlie, the old fox, has clearly seen that the first batch of panic selling has ended. Although the market is still on the short side, its power is far less unstoppable than it was just now.
"Boss, the bears have put the EUR/USD back down again, should we continue to go long?" The assistant immediately reported the EUR/USD situation to Charlie.
"Throw it again, it's fine if the bear is pressed down again," Charlie said coldly.
"Okay, boss!"
1.2615!
1.2613!
1.2610!
After a brief pullback at 1.2620, EUR/USD started to extend its strength again after the main bears made another move.
From 1.2620 to 1.2610 these ten points, with the efforts of all investors, only took a few dozen seconds.
Just when everyone thought that EUR/USD would continue its strong momentum, break through the strong support levels of 1.2610 and 1.2600 in one fell swoop, and then dive all the way down.
1.2611!
1.2612!
The two-point rise in a row made the momentum of the euro/dollar, which had fallen strongly, slammed.
"Now, add another 50,000 lots of EUR/USD to me," Charlie immediately said to his assistant when he saw that the EUR/USD in front of the computer screen came to a small support position again.
"Boss, the power of bears is very strong, and the 50,000 hands we threw into the market were quickly eaten up." Assistant Fashang fed back the information to Charlie.
"Throw another 50,000 hands! Squeeze these damned Americans down for me," Charlie said through gritted teeth.
"No, boss. The bear's power is too strong, and the 50,000 hands are all gone. Do you want to continue?" The assistant said to Charlie immediately after only a few dozen seconds.
"Go on! It's so easy for these damn shorts to dive all the way down!" Charlie's eyes were red.
1.2610!
1.2612!
1.2610!
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