EUR/USD: That was the dip and I missed it!

As usual, Europe walks in says “what was Asia thinking” and promptly reverses whatever happened here taking the market back to the NY closing level. Sell orders are reportedly heavy from US corporates above 1.3000 so any major gains will be hard fought from here. In these markets finding an ‘easy’ 50 pips is the best way to trade and I missed my chance.

  1. Sean, can you live with yourself after this? 🙂

    I tried to short EURUSD at 1.296x but couldn’t hold it, no conviction at all, no technical basis…

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