EUR/USD - Divorce Hurts the Both ( At Least For Short Term ) - 6
EUR/GBP has been up a lot. It reflects that at least in short term pound is going to suffer more than Euro. But in reality a divorce hurts both parties involved at least for the short term. Eventually someone will benefit / suffer more than other but it is difficult to pick the winner / loser right now. Right now everybody is focusing on UK but after the initial hysteria ebbs, people will start questioning the long term existence of Euro itself. It needs just one hot head from Germany or France to expedite the inevitable ;)
Anyway, focusing on EUR/USD, things look less sanguine. It is too early to tell what's going to happen in long run but currently short around 1.1200 is the way to go. Even right now 1.1100 is proving tough to crack but as everything in Forex is moving in multiple of 100 pips right now, it is advisable to be cautions and short from the level where we have probability in our favor - To earn or to exit with less harm.
Anyway, focusing on EUR/USD, things look less sanguine. It is too early to tell what's going to happen in long run but currently short around 1.1200 is the way to go. Even right now 1.1100 is proving tough to crack but as everything in Forex is moving in multiple of 100 pips right now, it is advisable to be cautions and short from the level where we have probability in our favor - To earn or to exit with less harm.
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