piptank

Sell #Euro while #ECB frontload #QE $EUR $USD #forex

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FX:EURJPY   Euro / Iene Japonês
This week one of ECB's executive board members said the CB will "frontload" its asset purchases in May and June due to reduced liquidity in the summer months. The European Central Bank purchase program contains a monthly average of 60 billion euros. The Euro reacted in a sell off. I think it will continue to sell off.
The FED consider a rate hike probably to come later this year, but we'll see.
Entry 134.5
TP1 132.0
TP2 130.0
SL 138.0

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