We are content waiting for the proper levels and trade these pairs very few times per year. They are momentum trades that have the tendency to trend hard. We will be sellers at 1.0965/1.0970 risking the prior highs, looking for a move to 1.0400. This momentum should take the cross a bit higher before divergent central bank policies take a hold and shift the trend lower. Stay tuned for a game-plan when the time comes.
