EUR crosses/Trade Ideas

Bullish EUR party starting to pick up steam

EUR/GBP, EUR/CHF and EUR/AUD have started to join EUR/JPY on the bull run and whilst the latter has already come a long way, the other crosses look like they have a lot of catching up to do.

I’m still running long positions in the EUR against the GBP and the CHF but unfortunately I got stopped out of EUR/AUD last week right near the base. It’s hard to get them all right.

On the day, we can expect 120 in EUR/JPY to act like a magnet and in the other crosses we need to watch out and see if the speculative FX market now starts turning bullish. If it does, we could be in for 3 or 4 weeks of gains as positions start to build.

  1. Hi Sean,
    The London sessions have been quite choppy as of late, but at least momentum picks up in NY. BTW You were spot-on about E/U stops on Friday. I got long at 3250 and after a slow LON session, NY traders took both the barrier and stops above out in a few minutes. 🙂

  2. Yes Milan, all big 4 PBs had same type of order book which is a little bit unusual, so that wasn’t too hard to forecast. Well done, nice pick-up near daily lows

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