Afternoon amigos,
I am seeing an over-whelming amount of traders who are willing to short eurusd at the start of the market opening come Sunday, from what I've seen.
I would hold off on your shorts for now, it's not going to drop - just yet.
I've looked at some charts, and for the most part it is bearish and has to drop but there is a narrative that is in play.
I am expecting to see further upside movement on foreign currency, and weakness within the Dollar.
I'd like to see 1.19 - possibly even 1.1940.
GLGT
I am seeing an over-whelming amount of traders who are willing to short eurusd at the start of the market opening come Sunday, from what I've seen.
I would hold off on your shorts for now, it's not going to drop - just yet.
I've looked at some charts, and for the most part it is bearish and has to drop but there is a narrative that is in play.
I am expecting to see further upside movement on foreign currency, and weakness within the Dollar.
I'd like to see 1.19 - possibly even 1.1940.
GLGT