Johanes

EURUSD EURJPY EURCHF Harmonized Interest Rate Currency Band

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
Both CHF and JPY still pressured EUR despite ECB sterilizes EUR and carry traders initiates the carrying on EUR. The harmonized currency band indicates for EURJPY and EURCHF still under pressure. At such, EURUSD will falls not too long for harmonized prices. By individual band, EURUSD estimated to 1.1100-1.0800 but the actual rate subject to average traded weigted rates to EURJPY and EURCHF. Short trade seems feasible.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.