EUR looking sprightly on the crosses
The more time I’ve spent thinking about the EUR over the last few days, the more convinced I’ve become that the EUR crosses are set for some serious gains early in 2013. I’ll share my fundamental, technical and market analysis over the next few days and it’s definitely the latter (market analysis) which is shaping my opinion the most. I’m still running a long EUR/GBP trade (through the legs) and I’m also long of EUR/CHF (mainly as Gold is weakening). I unfortunately got stopped out of the AUD side of my EUR/AUD trade when I allowed myself to be distracted by an irrational EUR/JPY trade but let’s forget about that stupid decision 🙁
EUR/USD still looks prone to deeper short-term dips, and much as always will depend on what happens in EUR/JPY, but I think any dips towards 1.3000 in coming days would be a welcome New Year present.