FX:EURUSD   Euro Fx/U.S. Dollar
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Hello traders,

This trade have more fundamental anlysis than technical.

China started to sell US Treasuries :
http://www.bloomberg.com/news/articles/2015-08-27/china-said-to-sell-treasuries-as-dollars-needed-for-yuan-support

This will have bullish implications in US Dollar             like I´ve posted before :
USDCHF : Interesting Bullish Outlook


From the technical perspective, you can wait till downside breakout of Kumo , but I entered short position with SL @ 1.124 on a daily close

My target is 1.09 area, and lower

Best

Josep Pocalles
http://www.realisto.net
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Serse
a year ago
for sure? if they sell Treasuries the dollar will be in sell mode why more sell in euro then dollar?
Reply
Realisto_FX PRO Serse
a year ago
Not necessarily the USD will be in sell mode. It has to do also with risk-off sentiment and monetary flows to USD as safe haven currency. From treasuries to cash > demand for USD
Reply
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