Boris Schlossberg was on CNBC recently where he made the case that EURUSD was entering a range between 1.25 and 1.30 over the next few months. You can watch the clip here: http://www.informedtrades.com/760926...-1-2950-a.html
I'm an EUR bull on a multi-year basis. I think we are going to revisit EURUSD highs around 1.61, and probably set new all-time highs. With that said, though, the price action over the past couple weeks has challenged my views. At least over the next few months, I agree with Boris and think 1.25 to 1.30 is a good range. I think this could be an accumulation zone and that rangebound strategies could work very well here.
Thoughts?
I'm an EUR bull on a multi-year basis. I think we are going to revisit EURUSD highs around 1.61, and probably set new all-time highs. With that said, though, the price action over the past couple weeks has challenged my views. At least over the next few months, I agree with Boris and think 1.25 to 1.30 is a good range. I think this could be an accumulation zone and that rangebound strategies could work very well here.
Thoughts?