workingtraders
Long

$EURUSD - Forget the short term. #Greece WHO?? Long term view!

FX:EURUSD   Euro Fx/U.S. Dollar
1204 5 15
Fundamental have not changed long term.
Don't forget a little thing called QE . Sept 2016!

We started off last month with weak US data but we are slowing see an uptick as predicted.
Personal spending will start rebounding in the next few months which will put the pressure to raise rates.
Job creation should also see an uptick which will lend to September rate hikes.

The human physiological of the market will start pricing in hikes no matter what. As FED is very mums to the when it will actually happen.


Currently the Fed is priced in too Dovish.

Watch for clues in the data and HOLD on for the ride and forget the short term noise!


I did close 75% of my usdcad long, since I think we will see one more push up, and then a retracement.
Gold looks interesting, right now, I'd trade the reaction after Monday, regarding EURUSD.
My guess is it'll gap down and then rebound in the near short term.
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snapshot


Just corrective structures unfolding.
I subscribe to this view, it's way more likely to see bearish continuation.
USDCAD started to rally ahead of the pack, the rest will follow suit I believe.
+2 Reply
workingtraders IvanLabrie
Awesome work Ivan :) as always!
+1 Reply
IvanLabrie PRO workingtraders
Thanks! you too ;)
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So pick you short spot :) as per your own risk tolerance.
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