Euro has been trapped in a downtrend for more than a year now.
It's not surprising since the fed is tightening policy which leads to a huge spread between the US and the Eurozone.
BUT, things are going to change soon. The ECB is about to raise interest rates too and it will exit negative territory by the end of the third quarter. The spread will be narrowed and EUR will be pumped!
Let's wait and see. It's no longer a good time to hold short EUR positions.
It's not surprising since the fed is tightening policy which leads to a huge spread between the US and the Eurozone.
BUT, things are going to change soon. The ECB is about to raise interest rates too and it will exit negative territory by the end of the third quarter. The spread will be narrowed and EUR will be pumped!
Let's wait and see. It's no longer a good time to hold short EUR positions.