The year of the dog, with Chinese New Year behind us, a weaker doller, we could be own our way to a nice up tick, all we need is a bit of inflation noise. Without the noise we should reach 3.4 -3.5, with the noise 3.7-3.8 but expect a roller coaster ride shorting 1.5+ moves with one eye on the doller for profit taking.
I am of the view that one should short the 3 week highs and buy the 2week lows as ridiculous as that might sound, I think we are to remain in a range of 2.96 to 3.34.
Long team view Stay Long
Short team view Short any 2.5% move high.