crawfordpaul

EURUSD 8-1 Long- Continued US Inflation

Largo
FX:EURUSD   Euro/Dólar estadounidense
Here is trade set up on EURUSD based on current US numbers. With job numbers shrinking and an increase in wages and CPI the US dollar will likely continue to suffer. Furthermore, a stalled housing market and retail participation is concerning for the economy. I expect that these domestic changes will cause some more upside momentum for EURUSD. Add the seasonality index of the US dollar to this and this seems to be a good 1-2 week trade with plenty of upside potential.
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