JeffKip
Short

EURUSD Short in light of Greek woes; USD Safe Haven Status

FX:EURUSD   Euro / U.S. Dollar
Might be difficult to get this ball rolling with a smooth start but in the event of a proper channel breach (pictured) and a solid daily close below 1.100, there's about 550 Pips on offer till the March low of 1.045 if risk aversion truly kicks in, coupled with a rapid devaluation of the EUR.

The EUR is currently a moderately risky asset to hold what with Greece uncertainties weighing down on the currency. The USD may prove to be a better safe haven over time, despite the temporary (citation needed) lull in economic data, more so the Jobs Figures.

Below the longer-term 1.081 Pivot , more bears may begin to check-in, otherwise this level is expected to act as a level of significant support.

Risks:
  • A continuation in poor/mediocre data prints from the US.
  • A credible, transparent and sustainable solution to the Greece fiasco that is taken as a positive to the EUR.
  • Incredibly good EUR data prints that reflects a sudden and robust pickup in economic growth in the Eurozone.
  • Some weirdly long pin-bar that is as a result of rapid buying of the EUR and then sudden selling which would take out stops at 1.200 in a spiky flash.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out