That’s it… Do NOT listen to investment banks recommendations, they just want your liquidity
You may be right about the bank’s intention but from the fundamental point of view the EUR picture doesn’t look like the currency is going to attack 1.4 soon. Do you really think that now it’s a good opportunity to enter long?
You may be right about the bank’s intention
I am not “may be” right, I am" exactly" right … to prove it you can check latest FX unit recommendations from GS and MS.
Since the last two “public” trades from these investment banks, I only have placed long trades, cash in about 180 pips in EU.
the fundamental point of view the EUR picture doesn’t look like the currency is going to attack 1.4 soon
How do you measure with fundamentals that the price will not climb to 1.4?
The recent fundamentals developments are pointing to a recovery of the Euro at least marginally
By the way, the same statement were said when EU was at 1.2650
Do you really think that now it’s a good opportunity to enter long?
Yes, as long as the charts tell me to go long.
You must do your own analisys, it must be independant and it must be logic.