EU: Potential Short Squeeze
Could the USD lose some momentum with preliminary job-loss claims coming?
Expected to see up to 2 million people claiming unemployment for March...
The FEDs last move to introduce unlimited QE and buying of corporate bonds could be showing a limited affect..
A short-squeeze could be coming - acting as a retracement for the drop that occurred from 1.1500
I entered long at 1.07750 - looking to take profit at or around 1.10650
-First level for bulls to break at 1.08100
I keep a pretty tight stop, so if price breaks and closes below 1.07700 I'll close position and continue short trend.
*trade at own risk
-Krecioch
Expected to see up to 2 million people claiming unemployment for March...
The FEDs last move to introduce unlimited QE and buying of corporate bonds could be showing a limited affect..
A short-squeeze could be coming - acting as a retracement for the drop that occurred from 1.1500
I entered long at 1.07750 - looking to take profit at or around 1.10650
-First level for bulls to break at 1.08100
I keep a pretty tight stop, so if price breaks and closes below 1.07700 I'll close position and continue short trend.
*trade at own risk
-Krecioch
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