The Fed was decided for a interest rake hike in early 2015. Now it looks like they are thinking it could happen in late 2015. Anyway, US economy seems to be getting stronger than in the last months. Meanwhile ECB has plans (they started already) for QE to try to reactivate the economy and to push up inflation, which is too low.
It looks to me that in the medium term (weeks to months) the sensible option is to short EUR/USD. The current bounce up that we are seeing now in the pair could be a corrective movement (many people cashing profits).
I cashed a nice 800pips move shorting the pair but at the moment I’m out waiting for a clarification on what is going to happen. It looks like all the economies are slowing down (NZD, AUD, JPY, China, EUR… GBP not clear…) but for the US.
Thoughts on this?