Swing fade: is euro overextended?
Fundamentals & Sentiment
EUR:
Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that.
NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the session.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: UP
Long-term: Up
Min target: DMA(200) + mirror level on D
Risk: 0.26%
EUR:
Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that.
NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the session.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: UP
Long-term: Up
Min target: DMA(200) + mirror level on D
Risk: 0.26%
Trade fermée manuellement:
price holds above key level, risk off sentiment, market is awaiting US data