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Short

EUR USD DAILY UPDATE

FX:EURUSD   Euro / U.S. Dollar
BEARS STILL REIGN SUPREME. TRUMP'S INTERVENTION IS HOG WASH - NOT GOING TO HAPPEN, BESIDES YOU CAN'T MOVE A MARKET WITH 2-3T+ VOL BY DUMPING 75-100 BLN USD OF NOTIONAL PAPER.
IT MIGHT PRODUCE A 50 POINT MOVE, BUT NOT GOING TO PRODUCE A HUGE SPIKE FROM SAY 1000-2000. SO EVEN IF TRUMP WAS TO GO AHEAD WITH INTERVENTION, I'D SAY IMPACT WOULD BE VERY VERY LIMITED.

GOING INTO SEPTEMBER POSITION TRADERS SHOULD BE FOCUSED ON SHORT SELLING ANY RIPS NEAR 1225//1255 AREA FOR A TARGET NEAR 1000 STOPS NEAR 1300.
1000 WILL GIVE WAY EVENTUALLY, BUT FOR NOW IT'S A CHOP FEST - SLOW BLOOD DRAIN IN EURUSD , DXY IS STILL A SAFE HEAVEN AND TRUMP CAN'T DO MUCH ABOUT A STRONG DOLLAR.

GOOD LUCK, CATCH UP LATER.

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