What a wild move off the lows! I was expecting 1.3935 to get hit so I could add some serious shorts there (good thing I slept though)...but here we are staring at 1.4000 +. Logic says this is a good area to short but is it really?
In my opinion there are no shorts here...no longs either until one thing occurs roughly 3 hours and a half from now. That is the 2 year bond auction..yes another one...the motive in my opinion for the sharp Eur/Usd gain....and maybe after its all done with ..just maybe...shorts will come back into play.
As for me..flat until then...I advise caution to all
In my opinion there are no shorts here...no longs either until one thing occurs roughly 3 hours and a half from now. That is the 2 year bond auction..yes another one...the motive in my opinion for the sharp Eur/Usd gain....and maybe after its all done with ..just maybe...shorts will come back into play.
As for me..flat until then...I advise caution to all
Different opinions highly valued, ignorant to slander.