The Euro is gaining the bid as short covering pushes it higher. Today it is popping through resistance and will try to make that a support level.
The Euro is gaining the bid as short covering pushes it higher. Today it is popping through resistance and will try to make that a support level.
The target is 120, which would likely be a good opportunity to short it or potentially long Europe again.
We’ll see. It’s a macro market where letting things play out rather than knee jerking to conclusions is likely to work best until we get a read on the nature of this.
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