A bold call, but a definite possible for those really long term traders out there. We are likely to see the continuation of the down-trend of $EURUSD as we enter 2015. Further QE in the US is unlikely, and at the same time the situation in Europe worsens and new stimulation measures could potentially be introduced. The closure below the 9 year trend line and potential retest of it is possible before we head further down.
Personally I won't be holding a short position for the whole year, but would be looking to trade shorts on any rebounds.
Good luck for all in 2015!
Personally I won't be holding a short position for the whole year, but would be looking to trade shorts on any rebounds.
Good luck for all in 2015!