Looks like the frog-in-boiling-water trade right now. I'm short USD. Euro from 1.2355, Cad from 1.2330, usdjpy from 1.0883. Looked like lots of trade went off below 1.2350 Euro USD at London close. We'll see if it holds as support.
...interesting, I don't trade fx but observe it closely and never looked at EURUSD before, gives a different perspective. Thx
What do you trade? Gold I see from your posts elsewhere. What I learned from trading FX after equities--its all one big pot of money sloshing back and forth. It's all interrelated.
Hate trading gold, damn fickle creature, but kinda forced to as there is not enough of anything else here atm, out IT is too small, banks and healthcare stocks a little pricey (run too hard). So I trade about 8 gold positions plus smattering of other metals when opportunities pop up, iron ore, coal, copper, nickel, lithium. However telecoms might show an opportunity shortly, severely hammered atm.
Still downward pressure on USD bigger TF. If it's going to bottom (eventually), I like to remind myself that tops and bottoms take time to form. Lots more opportunities to scalp short side USD I believe. Trying to stay nimble. . .