EUR next stop on the way down.
Updated
In the best case scenario they MUST LEAVE the rate unchanged but honestly for them would better to hike 0,25bps in order to avoid an other wave of inlation.
Note
Today its will be slightly green is the US housing starts data will be lower than expected. Tomorrow EU CPI -data can (and will make mostlikely an other leg-down).
If you are shorting defend your position today.
Trade closed manually
Gerally speeking Im not bullish in short term on EUR but recent data from the US on this week after getting into details suggest that may the FED is getting what they are looking for altough rate cut in the next meeting is highly unlikely to happen. At the same time we know that US tends crash rapidly which is also force the FED and market participants to react inmediatley and thez wont hesitate. ( Like inmediatly cutting rates to support economy).
Note
Its turns out that closing the the short position was a racional decision even with loss, since its would cost me more and maybe for you much more. We walked-away with head raised.
Tomorrow the pay attention for incomming data such as JOB-reports.
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