Iam adding to my long positions on this currency pair.
My bias comes with the increasing beliefs that EUR will strengthen to the 1.25 region. The rally is about to begin !
Stimulus and the nature of the currency makes me doubt that we will go down further from this region. This is the influx period. Banks start piling in and we are going to be up big time !
Weakness in the job market is nothing new. Weakening sentiment is nothing new either. We have had a great recovery. Previously I was sceptical on pairs like these but now I have changed my strategy going forward.
Thanks for viewing! This is not financial advice, please consider your own Due Diligence and Risk Management.