bondskew
Long

EURUSD: Where to take profits?

FX:EURUSD   Euro / U.S. Dollar
73 0 1
I have been an advocate of long EUR/USD             since 4/13/15 (1.0600; also previously posted idea). The question is where do we exit the trade? As of now, fundamentally speaking, the prospect of a Greek deal may keep the bid in place. One must also consider the currency flows with respect to global interest rates. The strong USD coincided with lower rates across the board. If that trend reversal is to continue, I am looking for an ultimate target of 1.1850 to start taking profits in this pair. The area where I would look to close the position in total = the shaded area. Keep an eye on currency flow directions as they're rarely univariate. Fundamentals always rule in FX. This is a monthly chart.
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