Just my 2c everything risk looks super toppy about about to fall - EURUSD yes, but this includes other risk currencies and stock indexes (sorry ata).
I'm not going to open any major positions before FOMC, but I think we are very close to an inflection point, and EURUSD will fall a lot. I've been waiting to short EU around these levels for like a week, and I will keep opening shorts above 1.135 as long as it loops like a local top has been reached, as a general trading strategy, targeting much lower prices.
tl;dr we are close to a major risk-off move IMO and technical analysis supports the possibility of a large drop.
IMO hopes of EU stimulus finally kick-starting some serious growth are over-optimistic, eu has many deep, structural problems, which will only get worse with time. There is only so long this little dance can go on for.
daily
I'm not going to open any major positions before FOMC, but I think we are very close to an inflection point, and EURUSD will fall a lot. I've been waiting to short EU around these levels for like a week, and I will keep opening shorts above 1.135 as long as it loops like a local top has been reached, as a general trading strategy, targeting much lower prices.
tl;dr we are close to a major risk-off move IMO and technical analysis supports the possibility of a large drop.
IMO hopes of EU stimulus finally kick-starting some serious growth are over-optimistic, eu has many deep, structural problems, which will only get worse with time. There is only so long this little dance can go on for.
daily
1