Time to start shorting again boys
EURUSD has rallied to 1.07 on the back of strong USD data and a mildly hawkish Draghi.
Fundamentally this should be trading at 1.05 or below.
Even if Draghi raises rates, the rate differential between EU and USA will keep rising.
Short this baby and add to position if it gets to 1.0750, 1.08.
Fundamentally this should be trading at 1.05 or below.
Even if Draghi raises rates, the rate differential between EU and USA will keep rising.
Short this baby and add to position if it gets to 1.0750, 1.08.
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.