Look for selling opportunities in the EUR crosses
Well done to all those patient EUR/USD bears who’ve stayed on this trade but for the rest of us it’s pretty hard to jump on board the moving train.
I prefer to look for selling opportunities in the crosses like EUR/GBP, EUR/AUD and EUR/CAD. They have come a long way also but there is likely more to come with divergent CB policies now set in stone.
EUR/AUD for instance could be headed all the way back to 1.20 now? I’ll have a closer look at these pairs throughout the morning.
TGIF and welcome back vol!