Very little to update on EUR with flows on both sides clashing and causing minor chop inside the 1.11xx handle. Better numbers than expected from Germany this morning providing a gift for those adding on dips.
A quick review of the two positions we have traded live so far with the infamous "worm in the apple". A quick review of these charts:
As long as support at 1.110x holds I remain bullish looking for a break of 1.12xx to kill the year in FX markets. This will leave us in a very handsome position for the 2020 macro map:
Good luck all those buying EUR dips... Thanks for keeping the support coming!
A quick review of the two positions we have traded live so far with the infamous "worm in the apple". A quick review of these charts:
As long as support at 1.110x holds I remain bullish looking for a break of 1.12xx to kill the year in FX markets. This will leave us in a very handsome position for the 2020 macro map:
Good luck all those buying EUR dips... Thanks for keeping the support coming!
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Expecting NY to hold 1.110x
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1.110x holding again today as expected
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Liquidity dried up before we could compete the target via momentum... stops were always too tight to hold chop.
