Everyone's long EUR, but is this a short opportunity?
Hmmmm, I get it, long EUR because of current account differentials, QE taper, balance sheet normalisation, US political uncertainty, French elections over, everything rosy in Europe.
But often, the obvious is obviously wrong.
If EUR respects 1.20-1.21 as overhead resistance, then we could be looking at just a 50% retracement of the huge down leg.
Suggesting EUR downtrend will resume.
Why? I have no idea. But put the trade on first, and assess the why later.
Great risk-reward here.
But often, the obvious is obviously wrong.
If EUR respects 1.20-1.21 as overhead resistance, then we could be looking at just a 50% retracement of the huge down leg.
Suggesting EUR downtrend will resume.
Why? I have no idea. But put the trade on first, and assess the why later.
Great risk-reward here.
Trade active:
200 pips in the bag. Just another 3000 to go