EURUSD has rallied to 1.07 on the back of strong USD data and a mildly hawkish Draghi.
Fundamentally this should be trading at 1.05 or below.
Even if Draghi raises rates, the rate differential between EU and USA will keep rising.
Short this baby and add to position if it gets to 1.0750, 1.08.
Fundamentally this should be trading at 1.05 or below.
Even if Draghi raises rates, the rate differential between EU and USA will keep rising.
Short this baby and add to position if it gets to 1.0750, 1.08.
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