EURUSD – IT IS CARVING A BOTTOM.

by | Dec 9, 2021 | MARKET POSITIONING, POSITIONS | 0 comments

12.09.2021

We will look for DAILY LEVELS to ADD TO OUR LONG EURUSD exposure, as we feel it is carving a bottom, for a move to 1.1600+

The EUR looks good ACROSS THE BOARD, as ECB negativity is well entrenched in the price of the currency.

The fundamental picture has not changed, it is BAD, but those fundamentals are known by the whole of the market and are reflected in the price.

We hold EUR longs vs USD, AUD, CAD and GBP.

We will update those charts as the day progresses.