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sufiansaid
Aug 8, 2018 6:13 AM

Shorting EURUSD Trading Idea Short

Euro Fx/U.S. DollarFXCM

Description

Fundamental analysis wise, there is an obvious monetary divergence between the Feds and the ECB. One central bank wants to hike rates few more this year (Feds), one central bank wants to keep the policy loose with continuing the QE. Sentiment from yesterday was Euro bid after consecutive days of heavy selling of the Euros. The bigger picture I still see Dollar is king across the board, any uptrend move for EURUSD today or the rest of the week is just profit taking from the banks after days of Shorting the EURUSD.

Trade closed: target reached

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