It will be way lower by the end of the year. As I've mentioned before it will probably be as low as 1.20
I'm at work right now watching the live fxstreet charts anxious becuase I shorted eur/usd at 1.2755 with T/P @ 1.26900. Watched it hit 1.2688 but I'm not sure if it was able to close out my position. By the look of things it seems like it will blow through that level today. Ill post my daily transaction report tonight to see what the results are. I also took 80 pips on a short eur/jpy. As of writing this usd/jpy took out my 93.00 SL...that was a bad trade
wow the markets just went insane with a massive move towards the yen. Your trade should of cleared since the euro spiked down massive along with the pound.
I WILL NEVER GO SHORT EUR/JPY AND LONG USD/JPY AGAIN....rookie mistake. its was a wash with strong profits from the short and equal losses on the long call.
logic behind the trade was apparent eur/jpy weakness and what I thought would be the strength in the usd/jpy safety trade
To be honest I dont know, I saw trading opportunities in all three pairs to make a profit and I entered the trades. simple
I don't know if anyone wants to hear about my dream. But I had a dream that the euro at one point had a huge gap down and dove more for a while. So, whatever that means...