EUR is at the levels before U.S. presidential election. And it does look like a topping process where price goes up and down in a thin range.
So I'm retaking this short with target to 1.11 levels again as I still expect Fed's rate hike expectation to come back.
So I'm retaking this short with target to 1.11 levels again as I still expect Fed's rate hike expectation to come back.
Comment:
There must be a reason for EUR to stay stronger than GBP this week. I'll be digging for the story during this weekend. If it was purely based on people's belief without facts, then EUR would soon follow GBP as the two economies are inter-dependent and most of the times correlated. If it's the other way around, I'll abandon this one.
