EUR/USD: adding shorts and fading - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Westpac explained they they have added an EUR/USD short.

    Key Quotes:

    "Last week's two bearish signals out of three producing a sell on strength order that was filled at 1.0995 (stop at 1.1110).

    We are wary that Draghi will struggle to leapfrog expectations but any squeeze in EUR is likely to be short-lived - the FOMC statement a week later is likely to sound more hawkish noting that future meetings are "live" and the risks are balanced."
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