FX:EURUSD   Euro / U.S. Dollar
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ECB really wants the EUR to come off. Traders really want them to start printing money before they let that happen.
Even the introduction of negative rates for overnight bank deposits was not enough to get this to correct hard.
Long term, the II's will want to get their money into a positive rate, so I would imagine NZD, GBP and eventually USD will be the way to go.
Yellen came out last week and said that the FED wont be tightening to much this year, BOE are giving out slightly mixed messages of when to expect the rate hike but its definitely on its way. RBNZ have raised and have stated that they will do so again.
So the logical trades would be, Buy NZD, Buy GBP, Consider Buying USD and try and Sell EURO at higher levels.

Comments

just noticed that the label HH was supposed to be labelled Double top. Sorry for the confusion.
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