Sell Dollar - Long EUR to max 1.35 Long

FX:EURUSD1W

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 8, 2021 9:09 AM

RSI indicator showing that EUR is oversold. We see a reversal to max 1.35.

For educational purposes only.

Comments

CDFX_PT

⋅ Oct 9, 2021 7:39 AM

That move, if it happens, will take a fews years. Holding a long on Euro against the Dollar will kill yourself on swaps in such a long time. I would short Euro at $1.30 with my eyes closed if/when it got there.