ForexPlug
Short

Get Ready for a Dive in EURUSD

FX:EURUSD   Euro / U.S. Dollar
Risk Off trades to be seen in coming weeks... Equities Failing... Price Action of EURUSD             also suggests to drop some more pips...
Well in an easy answer....
I used to follow fundamentals before, the politicians, the finance ministers, they will WHACK you always with various tones... So this year i have said to myself.. Just follow PRICE ACTION.. Simply do not care what ECB does or Fed Does.
I just listen the talking of the Charts

And what it tells me currently i see a Dip... BUT... i have a tight stop loss as well intact, if it moves upside...

However, i have been watching Equities, they give a sign of further drops.. Indicating Risk off to be seen... which in play will push EURUSD downside too..
Reply
I like the idea! Love shorting Euro and Draghi would love nothing more, but IMO, short Euro is a strong dollar play. I do think the Fed is going to end up being more hawkish than the market's pricing in of 1 hike in 2016, but I don't see the return of massive USD strength like last winter or this December. Moreover, I don't see enough deterioration in European data for Draghi to be able to outmaneuver Widesman. What say you?
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