Broekn trendline - sell on pullbacks
Updated
Euro has had a slew of negative data recently alongside positive US data, very little of if any of this has been priced in. Balloning LIBOR disparity between EUR and USD also differential in FED and ECB policy in hiking.
CFTC data shows net longs near all time highs which have to be unwound at some point.
These factors alongside the technical break of a trendline dating back to start of move suggest a move to the downside, i will be looking to sell any pullbacks and aiming to hold potentially for multiple weeks.
I wwill update when i get short
CFTC data shows net longs near all time highs which have to be unwound at some point.
These factors alongside the technical break of a trendline dating back to start of move suggest a move to the downside, i will be looking to sell any pullbacks and aiming to hold potentially for multiple weeks.
I wwill update when i get short
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