POTENTIAL SHORT EURUSD

18 בדצמ׳ 2019

I'm interested to short EURUSD because

- right now the only upcoming geopolitical event is the U.S & China trade deal which if all goes well, it will boost the global economy and USD

-The Christmas rally and the fact that 2019 is another great year for U.S equities will lure more money inflow for 2020 into U.S market = demand for USD

-U.S economy is still resilient and FED on hold but still promising than ECB on the easing path

-Ongoing political and economic instabilities over EU on Italian debt, France protest, EU & UK Brexit deal next Jan 2020 all bearish for EUR

-If we end the year in risk-on sentiment, more buying strength will flow into USD