Short $EURUSD - ECB Hawkishness Overpriced?

Entry

1.0885

Stop

1.0935

Target

1.075

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.

4 comments · 55 points

4 Comments

u/gold_bug_omar·12d

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

u/macro_mariam·11d

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

u/value_vik·13d

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

u/range_rider_yuki·11d

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

Short $EURUSD - ECB Hawkishness Overpriced?

4 Comments

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