piptank
Short

Sell #Euro while #ECB frontload #QE $EUR $USD #forex

FX:EURJPY   Euro Fx/Japanese Yen
This week one of ECB's executive board members said the CB             will "frontload" its asset purchases in May and June due to reduced liquidity in the summer months. The European Central Bank purchase program contains a monthly average of 60 billion euros. The Euro             reacted in a sell off. I think it will continue to sell off.
The FED consider a rate hike probably to come later this year, but we'll see.
Entry 134.5
TP1 132.0
TP2 130.0
SL 138.0
jakeparkin
2 years ago
What's your updated thoughts on this? I still believe there's a lot of downside, at an even better level to enter short now.
Reply
piptank jakeparkin
2 years ago
snapshot

i still think it has some downside potential. i also adjust my sl a bit, blue line is a major resistance let's see how it'll act there
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