Good afternooon,
I should have sticked to my initial idea of keeping shorts for 1.3800, since we jsut printed a low at 1.3793.
Instead of that I initially covered nicely this morning (a profit is a profit) and as the ZEW risk event seemed quite important I felt safer to be flat at that time. On such a strong print, I tought it would make sense to try the long side.
Luckily enough I used a tight risk management on this long position since it is actually not my preferred direction and got stopped at 1.3900 for a 35 pips loss.
Now what's the plan?
All the USD are on a strong foot GBPUSD; AUDUSD, USDCAD, etc..
Also since the China hike earlier all risk assets are lower, thus helping the USD as well and the S&P 500 Futures down 1%.
If the trend is right, we re gonna see more USD strenghth. I will look into my charts and check what are the best levels to reenter and short EURUSD position with a good risk/reward and revert to you asap..
Good Luck,
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