EUR/USD/Flows and Orders/FXWW News/Trade Ideas

EUR/USD: Buying big dips still preferred but we may get one….

Overall I remain firmly in the USD-bear camp but of course there will be plenty of swings and roundabouts especially when cross plays take precedence. EUR/USD looks quite constructive technically and buying dips back towards 1.3410/50 looks like the obvious play. But, we may get a buy-the-rumour-sell-the-fact reaction to the German election? I do not like the risk-reward in selling near current levels at 1.3535 but short-term bears might get some value in trying to pick any exhaustive intraday spikes looking for a quick 100/150 pip turnaround. That’s how I favour trading it over the next few sessions.

  1. Hi Sean,

    Question: Would you say that the loonie hit a double top on the Daily chart when it hit 1.0550 ‘ish?…

    what happens when a double top occurs and how do u see it?

    Thank u!

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