Nice opportunity to sell here now (or sell limit at around 1.75) with initial target at 1.70 as it seems like its creating a double-top now to ride possible short-term consolidation of EUR this week which will also serve as some kind of hedge if ever DXY
suddenly breaks on the upside and resumes its climb to 100 instead of consolidating down to 96, esp
next rate cut has already been priced in (https://www.ft.com/content/d706efb6-c8c2...
). Kiwi is also pretty much oversold and its economy underrated, so I'm expecting it to rally at least, if not fully bounce and recover, since it's still definitely influenced by AUD and the US-China
Confidence: B (uncertainties coming from US-China
trade talks and my overall bias on a bullish
EU despite its current geopolitical risks might cause some whipsaws; either just put a mental stop loss past 2018 high or wait for better confirmation and setup a stop order below 1.73 instead)