long EURUSD, but follow the trend!!
Since May the EURUSD is entered in a deep down-trend that is expected to continue in the next months, as the ECB easing policy will be implemented. The excess liquidity and the absence of credit growth, will lead the autorities to push down the rates, even with unconventional measures. The announcement of QE is expected early as macroeconomics conditions don't improve. All these issues contributing to push the price down.
In the short term the view is quite different because of the end of the 5th wave. This increases the probabilities of a correction versus the eur side before to continuing the down-trend.
In the short term the view is quite different because of the end of the 5th wave. This increases the probabilities of a correction versus the eur side before to continuing the down-trend.
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