[B]My picks:[/B] Flat EURUSD
[B]Expertise: [/B]Global Macro, Classic Technical Analysis
[B]Average Time Frame of Trades:[/B] 1 week - 6 months
Although my fundamental bias remains very bearish EURUSD on expectations that the Fed will fueld Dollar demand by raising interest rates sooner and more aggresively than the ECB, it is also highly noteworthy that the US Dollar Index broke below rising trend line support that has guided the bull trend since the lows in July. At this point, I will move to flat on EURUSD, booking profits on my the original entry short at 1.5510 and wait for the current correction to play out before re-establishing exposure.