Time to buy some EURUSD!
Times have indeed changed since my last post about EURUSD several months ago, and it appears that we are now on the verge of another leg of euro strength as the DXY weakens and cases begin spike in the U.S, prompting discussion about another round of stimulus / easing that would surely continue to devalue the dollar. Long long term, I'd rather be long USD than EUR, but in the near term it only makes sense to ride the momentum! I'd be very careful going long this pair until we see the bears take control of the euro again.
Cheers!
Times have indeed changed since my last post about EURUSD several months ago, and it appears that we are now on the verge of another leg of euro strength as the DXY weakens and cases begin spike in the U.S, prompting discussion about another round of stimulus / easing that would surely continue to devalue the dollar. Long long term, I'd rather be long USD than EUR, but in the near term it only makes sense to ride the momentum! I'd be very careful going long this pair until we see the bears take control of the euro again.
Cheers!
