Trade_Navigator

EURUSD short idea

Long
TVC:DXY   U.S. Dollar Index
Looking to add to positional eurusd shorts. currently being held for daily financing fee collections. EURUSD last cpi traded down post cpi. The weekly high for cpi last round was 24 pips above the weekly open. for the rest of the week it traded well below the weekly open last cpi read. 0.3 expected looks light for core cpi m/m given the price of oil approaching the 90 level. expected yr/yr is expected to rise to from 3.2 to 3.4. dure to 10 yr price rising, geo political risks. a potential trump presidency in November, and dwindling fed rate cut potential. further dollar longs will be added this week for usd cpi potential. powell and the fomc is later in the afternoon for weds. will derisk any fresh position this week down to the normal 1/3 trailer. going into fomc. Trade safe Trade Smart Manage Risk Respectfully Trade_Navigator
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.