UnknownUnicorn279717

UnknownUnicorn279717

This is just a thought but currently I am favoring EUR short as usual given the increasing rate differentials between US and EU. We will need to see how everything pans out from here..

UnknownUnicorn279717

The past several months every time EUR tried to breach 1.15, they were all rejected.

UnknownUnicorn279717

next week may be the start of the next big move downwards..

UnknownUnicorn279717

Could go all the way up to 1.1040 today..I am still short regardless....thinking of fundamentals it makes more sense to be short given that the ECB did cut rates and extended the QE time frame. EUR is likely to now officially become a funding currency. Furthermore, FED will now be able to raise rates without worrying too much about the exchange rate...