Short EURUSD Trading Ideas
Updated
The tax reform potentially will be the major theme for the dollar today. Even if price goes all the way to Friday's high, I will see that as technical correction before investors buying the dollar again. A break beyond that will invalidate my trading plans. The rationale for "bearish" the Euro today is the lack of fresh news/catalyst for the Euro currency.
Risk for this trading plan :
1. A development on the Flynn vs Trump saga (eventhough it has been established that is is indeed "fake news")
2. A development on anything that negates the positivity of the recently passed Tax Reform
3. Trumps crazy tweets!
4. Anything significant from the Eurogroup Meetings
Risk for this trading plan :
1. A development on the Flynn vs Trump saga (eventhough it has been established that is is indeed "fake news")
2. A development on anything that negates the positivity of the recently passed Tax Reform
3. Trumps crazy tweets!
4. Anything significant from the Eurogroup Meetings
Note
Price is trading below 1.8500. Plan A can only be triggered if enough pullback after this. I will not chase the price.
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