Fine tuning my sell Euro / buy USD call

2 weeks ago, when the EUR/USD was trading at 1.1060, my view was that it’s good enough’ to sell EUR and buy USD.

The chart below shows a little tuning to this call.

A spurt to 1.1200 (as marked by circles) would see the EUR/USD mean revert upwards to its 200 week moving average, likely register a weekly overbought reading and trade to standard deviations above its rolling weekly mean.

It’s still good enough.

April 28, 2023
by Rob Zdravevski

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