On the back of Mario Draghi announcing QE in the Eurozone, the Euro continues to get wrecked.
EUO is the ultra-short ETF of the Euro, for reference. It is tough to chase it here on the short side. But into bounces I would be stalking a fresh short there.
Also note the Euro/Japanese Yen currency cross weekly chart, below, looking ripe for a major breakdown from the highlighted triangle. Keep this one on watch.
What are you trading this morning?
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I look freakin’ mad in that picture…not happy with the chains.
it adds to your street cred.
haha
just raised the stop on my CHFUSD puts
and EURYEN puts
sugar could bounce, long here
Good eye