Since thursday the euro has been stronger than my expetation vs the euro;
I think a "correction" of about 200 pips will happend, but when?
Yesterday after US trade balance data there was a tendence to recover vs the euro from the dollar;right now that recovery is zero; euro/usd is trading at 1.3693;
if French CPI and EU industrial production will be not better than the forecast I see an opportunity to sell EUR/USD with a target 1.3600;
if we will have also a not worse than expected data from US I think is the day where at least part of the 200 pips overvalued will be recovered...
No comments:
Post a Comment