piptank

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

Short
FX:EURJPY   Euro / 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

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.