Fine tuning my sell Euro / buy USD call
April 28, 2023 Leave a comment
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
rob@karriasset.com.au
rob zdravevski's blog 