Swing fade: is euro overextended?
Fundamentals & Sentiment
EUR:
Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that.
NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the session.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: UP
Long-term: Up
Min target: DMA(200) + mirror level on D
Risk: 0.26%
EUR:
Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that.
NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the session.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: UP
Long-term: Up
Min target: DMA(200) + mirror level on D
Risk: 0.26%
Trade closed manually
price holds above key level, risk off sentiment, market is awaiting US data
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.