We have used this rebound to trim our exposure, we added on the EUR and GBP dips and have trimmed some LONGS.
Our ALGO still likes the momentum and favors the EURUSD higher. We let it trade its flow.
Our discretionary book has been nimble as the market is trying to find it’s footing.
We do not want to get too greedy. We are ready to keep adding to USD shorts on any outsized daily moves.