Opportunity to go long from 126 zone to 130.
Price trading at 127.60 during posting this idea.
The idea is to buy in the zones from 126 to 127.60 and target 130. The buy zone is large because of the high US VIX. The price is likely to be highly Volatile.
Technical - EUR is over sold, RSI divergance in day chart
Fundamental - high vix, us 10y very low - likely to bounce higher, JPY weakness expected, High euro cpi - Lagarde likely to walk back on dovish stance sooner than later.
NOTE - Wait for price to settle, avoid catching a falling knife
Price trading at 127.60 during posting this idea.
The idea is to buy in the zones from 126 to 127.60 and target 130. The buy zone is large because of the high US VIX. The price is likely to be highly Volatile.
Technical - EUR is over sold, RSI divergance in day chart
Fundamental - high vix, us 10y very low - likely to bounce higher, JPY weakness expected, High euro cpi - Lagarde likely to walk back on dovish stance sooner than later.
NOTE - Wait for price to settle, avoid catching a falling knife