People say EUR/USD is too slow

Whenever I tell folks I trade EUR/USD they always respond by saying the pair is too slow, what do you guys think?

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@sandy20 - 11 hours ago

Not just too slow, it hardly sustains movement in the same direction, it is always flip flopping

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@emma_durban - 11 hours ago
Quoted - chris_4eva

I stopped trading it a long time ago because of its unpredictable nature

EUR/USD is a utilitarian pair, investors use both currencies in the pair for hedging exchange rate risk in other investments they hold. I believe that because of this, the movement of the pair depends on the amount of hedging it is being used for and so it hardly respects support/resistance lines. It can just reverse in the middle of nowhere because some investor somewhere is using it to hedge a big risk on an investment he took. Think of it like a puppet with no mind of its own

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@asuquokelvin - 7 hours ago
Quoted - emma_durban

EUR/USD is a utilitarian pair, investors use both currencies in the pair for hedging exchange rate risk in other investments they hold. I believe that because of this, the movement of the pair depends on the amount of hedging it is being used for and so it hardly respects support/resistance lines. It can just reverse in the middle of nowhere because some investor somewhere is using it to hedge a big risk on an investment he took. Think of it like a puppet with no mind of its own

Yeah that's why you need to know when there is a risk on and risk off so you know how to approach the market, know how investors are feeling, what they are thinking, what is their next phase of action, and too correlating the pair will be very good with the dxy because they move in opposite direction, it can really help but that's when the fundamentals have been met and you know if there fear or not , that's just what I can say

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@patrader - 5 hours ago

Being a major currency it's supposed to be stable hence not volatile. But we do get prolonged trends that last months in EURUSD every few months based on macro factors. You can spot them when you see breaks on monthly chart.

EURUSD on intraday basis moves in sessions. Each sessions either continues or reverses the previous session. The primary session is london that sets the tone for the day. Where the frankfurt open at london 7am fakesout near the nearest hourly high low then london does the rest. The breakout in london is known as london breakout.

There is some level of predicatability in EURUSD on session basis. But i agree the trends in EURUSD in intraday are choppy and hair pulling.

Those that prefer a more volatile experience can choose gold or btc or even US30. They are good candidates for trend lovers.

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