I have chosen my Euro short to start off with: Eur/Nzd short
Nzd dollar is a relatively strong currency at the moment
and will strengthen against the Euro rapidly at any sign of Euro weakness
If you look at the history on the charts you will see that the Nzd gained about 500 pips on the Euro
the same time that Eur/Usd lost only 250 pips after Drahgi last month
gave away the intention of the ECB to cut the rates this month
I think, and it is the general consensus among traders:
that most of the Euro position is priced in before coming Thursday's decision
which is designed to help the Euro zone in the long run, anyway
Therefore we may be looking at a slight drop in Euro pairs only
before it is time to go long from significant support levels like 1.355 and 1.348
Nzd dollar is a relatively strong currency at the moment
and will strengthen against the Euro rapidly at any sign of Euro weakness
If you look at the history on the charts you will see that the Nzd gained about 500 pips on the Euro
the same time that Eur/Usd lost only 250 pips after Drahgi last month
gave away the intention of the ECB to cut the rates this month
I think, and it is the general consensus among traders:
that most of the Euro position is priced in before coming Thursday's decision
which is designed to help the Euro zone in the long run, anyway
Therefore we may be looking at a slight drop in Euro pairs only
before it is time to go long from significant support levels like 1.355 and 1.348