Taking risk off from Euro-->USD--> US equities for election next year and ECB uncertainty.
If dems win a lot of seats which they probably will then might assume Euro breaking through the top of range (red line).
Might swap into euro--> china indices a few years down the line if euro hits like 1.34 usd. that's if their banking situation improves or becomes more clear.
Blue line potential launch pad.
Rejected off top of range so looking to test mid/ bottom of range for now.
If dems win a lot of seats which they probably will then might assume Euro breaking through the top of range (red line).
Might swap into euro--> china indices a few years down the line if euro hits like 1.34 usd. that's if their banking situation improves or becomes more clear.
Blue line potential launch pad.
Rejected off top of range so looking to test mid/ bottom of range for now.