JLS Trade: Short EURUSD to Target 1.0900 Short Term
The sterilization was ended at 1.1400 as previously indicated and carry traders seems not interesting to carry EUR and EUR-denominated debt securities yet and likely will be re-entered at EURUSD at 1.0900, thus the short trade to target 1.0900 by multiple tranches of which 100 PIPs per tranche is still optimistic.
However, the target could be at risk if and when the Fed cuts the rate prior to the 1.0900 to be reached. At such, multiple tranche for 100 PIPs per tranche is more preferred.
However, the target could be at risk if and when the Fed cuts the rate prior to the 1.0900 to be reached. At such, multiple tranche for 100 PIPs per tranche is more preferred.
thus the short trade to target 1.0900 by multiple tranches of which 100 PIPs per tranche is still optimistic.
Trade by interdays high to low for every 100 PIPs per tranche