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New EUR/USD Big Trade Orders – Canceled
11/27/2015 -- Order Canceled
New EUR/USD Big Trade Orders
Place Order to Sell 1 lot EUR/USD at 1.0840
Place Order to Sell 1 More Lot at 1.1070
Stop for ALL at 1.1237
The rebound in EUR/USD will give investors the opportunity to sell euros at a higher level. The ECB minutes was the only release out of the Eurozone and they confirm that unless the economy suddenly improved after the last meeting, the central bank plans to increase stimulus. With the Paris Attacks, more QE or another rate cut is almost certain. Today’s move is nothing more than a short squeeze and we believe that the path of least resistance for EUR/USD remains lower. The prospect of a rate hike in December has not been changed by news, economic data or comments from U.S. policymakers. In fact, yesterday’s FOMC minutes and Fed speak tell us that U.S. policymakers are serious about raising interest rates next month. Today’s jobless claims report, Philadelphia Fed Business Outlook index and leading indicators are all consistent with strength and recovery in the U.S. economy.