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.