Vazzyb

A good opportunity to buy the Euro

Long
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD has a "fair value" of around 1.36 according to OCED (https://data.oecd.org/conversion/purchas...)
It was oscillating around that area for a while until a period of divergent monetary policy - the fed stopping their money printing presses and the ECB starting theirs. This brought the Euro to almost parity.
But now we are entering a period where both central banks are reducing their QE activity.
I think we will start moving back towards that 1.36.
Take a small position today because this is nice retracement. A small position allows you to take a much bigger loss in terms of pips. Add once we're back over 1.18/9 and then keep adding on weakness and taking some off on strength.

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