Long
Euro is ready for the takeoff
The US Dollar is now under pressure again. The probability of interest rate hike in September is very small. Nothing prevents Euro from testing psychological 1.2 level. Open interest for Euro fx future contract expiring in September had increased more than 2% (93331 contracts) on Friday.
I consider placing a long trade from a pullback, or in case it doesn't happen, going in the direction of an upside breakout.
I consider placing a long trade from a pullback, or in case it doesn't happen, going in the direction of an upside breakout.
Note
I've exited this trade at 1.2071
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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.