I’m seeing a lot of bears working very hard on the EUR.
Yeah. 
I’ve also been watching this pair and it seems that it could go even lower in the coming days. Do you have any open positions for EURUSD?
Yes I have an open position and it was a big loser after last weeks CPI report, but I did not stop out of it. It’s getting pushed down hard as I type this. Which is cold comfort since I’ve been holding since the CPI news release last week where I took a beating. It’s been less than a week and I’ve recovered most of my losses from being long USD in a few pairs last week.
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I’m tempted to short now just to bag a few pips.
I suggest wait for a green bar. Catch it on a pop up. If you look at the long term chart EUR keeps reliably going down.
I wish you all the luck!
Cheers!
I think going long in EURUSD does make sense as risks for EU economy recede also Fed rate path is increasingly looking not so hawkish as for example a month ago.
There’s going to be huge support around 1.0 which the talking heads on Bloomberg will call parity and make a big deal out of it. So even though I personally believe it will go below 1.0 and keep going down eventually, there is going to be a lot of support there which makes that a natural Take Profit level.
Just my $0.02, adjusted for inflation of course. LOL
