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AAby u/altcoin_aly·1moIdea

Short $EURUSD - ECB Hawkishness Overpriced?

Seeing $EURUSD pushing towards 1.09, but I think the market is overpricing the ECB's hawkishness relative to the Fed. Eurozone economic data continues to disappoint, and the energy crisis isn't fully resolved. The rate differential is still in the dollar's favor long-term. Looking for a retrace.

$EURUSDSHORTopen
Entry
1.0885
Stop
1.0935
Target
1.075
4 comments · 0 points

4 Comments

GBu/gold_bug_omar·1mo

Be careful, the market might be anticipating a more dovish Fed sooner than expected, which could lift $EURUSD.

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RRu/range_rider_yuki·1mo

Good risk/reward here. I'm seeing resistance around 1.0920.

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MMu/macro_mariamUnited Arab Emirates·1mo

I like the idea. The EU economy is on shakier ground than the US, despite what Lagarde says.

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VVu/value_vik·1mo

My charts show a bearish divergence on the daily. Agree with the short.

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