Euro bulls, opportunity for a euro long has arisen!
Recently euro is being battered by its counterpart dollar for several reasons:
- Regional interest rate differentials, hawkish fed and dovish ecb
- Macroeconomical disparity between the to regions
- Worsening growth outlook for euro bulls
- Technical downtrend for many, many weeks
This counter-trend trade is a outlier, supported by a global technical price level and some fundamentals - euro area decent is stabilizing.
I am looking forward to buy euro at around 1.600 area and sell it around 1.650. Thread carefully since higher timeframe trends are downwards, use proper risk management!
Recently euro is being battered by its counterpart dollar for several reasons:
- Regional interest rate differentials, hawkish fed and dovish ecb
- Macroeconomical disparity between the to regions
- Worsening growth outlook for euro bulls
- Technical downtrend for many, many weeks
This counter-trend trade is a outlier, supported by a global technical price level and some fundamentals - euro area decent is stabilizing.
I am looking forward to buy euro at around 1.600 area and sell it around 1.650. Thread carefully since higher timeframe trends are downwards, use proper risk management!