This is a long term trade. The POTUS wants lower rates going into the election to continue to prop up the stock market. This will hurt the US dollar and move the ED higher. As the fed continues to cut, it will continue its move higher . Chart wise, this is confirmed at these levels due to support lines.
Comment
⋅
I was stopped out of this trade a while ago, but fundamentally it still seems sound to me. The chart however, does NOT confirm my initial thoughts.