After some positive news from Moody’s last Friday on Italy the headlines are starting to fade making this morning a great opportunity to start getting short EURUSD and EURJPY around current levels.
The ECB introduced a risk premium on the EUR which is only going to increase as the EZ outlook softens. I like playing EUR against pockets of USD strength as we have the possibility for renewed pricing on Fed hikes in the picture and JPY via fiscal year-end repatriation flows.
Best of luck to those trading Euro live this week
The ECB introduced a risk premium on the EUR which is only going to increase as the EZ outlook softens. I like playing EUR against pockets of USD strength as we have the possibility for renewed pricing on Fed hikes in the picture and JPY via fiscal year-end repatriation flows.
Best of luck to those trading Euro live this week
Note
A quick update here as Europe leave their desks Note
A final push will do from the European morning sessionNote
Trade closed: target reached
First targets hit here, well done shorts !!
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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.