EURUSD before ECB Conference

Last night ECB conference, market is focusing on when rate hike in 2019 will happen. So it’s “through the summer”- Draghi literally said “through the summer” means through the summer.

This doesn’t change that we pointed out that EURUSD was in a resistance and that we shorted EURUSD, EURJPY and EURCAD before ECB. The only thing was a smaller trade size due to risk anticipated from the event. Still it was a great trade. Nice pips for that short duration.

 

shorted eurusd before ecb

After EURUSD moved down, this pair starts to show signs of movement too.

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