Is It That Bad in EU?
Fundamentals & Sentiment
EUR:
- Market Internals
- Service PMI Beat after a gloomy series of news in EU (CPI, French deficit)
- Quite a bearish rhetoric of ECB
CAD:
- Some bearish comments
- Oil is subdued
Technical & Other
- Seeing euro decline as overdone, expecting shorts unwinding
EUR:
- Market Internals
- Service PMI Beat after a gloomy series of news in EU (CPI, French deficit)
- Quite a bearish rhetoric of ECB
CAD:
- Some bearish comments
- Oil is subdued
Technical & Other
- Seeing euro decline as overdone, expecting shorts unwinding
- Setup: S(RTF)
- Setup timeframe: 4h
- Trigger: 1h
- Medium-term: Down
- Long-term: Range
- Min target: DMA(10)
- Stop loss: 0.27%
- Position size: ~0.5R
Trade closed manually
Closed manually shortly after NFP, not too far from SL. I was just slightly in profit prior to the release - took my chances as the SL was quite far. The correlation with the USD isn't so straightforward. -0.68RNote
Didn't close it immediately after the NFP though - I still hoped euro would follow the buck but it happened the opposite way instead.
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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.
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.