If you are a EUR/USD trader, you know this that this pair has its own personality and you cannot trade it like other pairs. For the last few months, EUR/USD is in perpetual decline. The last high it had made was 1.37000. ECB intervened strongly when EUR/USD hit this 1.37000 resistance line. The idea was… Continue reading How To Hedge EUR/USD?
Tag: eur/usd
EUR/USD Will Have Bit Of A Bounce Before The Downside Continues!
EUR/USD is trading at it’s 9 months low and there is still more downside expected. The recent forex sentiment survey shows that just 27% of the respondents are bullish on EUR/USD. In May, it was 70%. Between May and August EUR/USD has fallen more than 400 pips and is now close ot 1.33000 level which… Continue reading EUR/USD Will Have Bit Of A Bounce Before The Downside Continues!