The Euro currency has over the past several months taken another couple sprints downward toward parity with the US buck, punctuated by fair-sized swaths of consolidation and one nice bump upward.
Even given the long-term bearish tilt, a one-sided commitment risks missing out on the kind of action we saw in January and February, as well as tying up trading funds that could be better deployed elsewhere.
Our account is currently short the euro, but should DMI cross into the bull zone on this daily chart, we are prepared to enter long, get what we can, get out, and stay flexible.
Even given the long-term bearish tilt, a one-sided commitment risks missing out on the kind of action we saw in January and February, as well as tying up trading funds that could be better deployed elsewhere.
Our account is currently short the euro, but should DMI cross into the bull zone on this daily chart, we are prepared to enter long, get what we can, get out, and stay flexible.
Trade active:
After a DMI bear cross on daily, we opened one short mini EU contract at 1.1001. TP 1.0895, SL 1.1107.