After riding from 1.2140 to 1.2080 this morning, reloaded at 1.2093 to 1.2050. This pair has been easy to short for the past few weeks, yet we are still in for a rough dive. However, I have been getting more and more cautious with my plays.
Fundamentally and technically, this pair is in the gutter. HOWEVER, the market goes where the big players and algorythims want it to go. I also worry about the Swiss wanting to prop up their Euro assets. I will continue to short until the daily points up. Even when it does, it may be shaky.
Fundamentally and technically, this pair is in the gutter. HOWEVER, the market goes where the big players and algorythims want it to go. I also worry about the Swiss wanting to prop up their Euro assets. I will continue to short until the daily points up. Even when it does, it may be shaky.