Looming Euro Trouble

Published on
July 13th, 2018
Duration
10 minutes

Looming Euro Trouble

Trade Ideas ·
Featuring Joseph Trevisani

Published on: July 13th, 2018 • Duration: 10 minutes

Joseph Trevisani, senior analyst at FXStreet, explains why he’s doubling down on his short euro trade. He discusses his analysis and the key levels to watch in this interview with Justine Underhill. Filmed on July 9, 2018.

Comments

  • LT
    Lucas T.
    13 July 2018 @ 16:15
    I thought his short Euro at 1.16 was a bit of selling into the hole, but I am also bearish on the Euro. I think waiting for a pop up to 119-119.50 in what looks like a break higher is the place to short with a good R/R. Shorting in this chop, even if there is a down move, I think will be tougher to hold the position through the whipsaws..
    • SH
      Steve H.
      13 July 2018 @ 20:54
      Agreed. There might be very short-term trades either way based on intra-day price action and order flow. As for a swing on the next leg lower (which I agree is coming), that's courageous before the nearby low breaks and holds. Until that happens, a temporary reaction spike above 1850 is well possible. Fine for deep-pocketed or lightly leveraged shorts with intermediate time-frames and strong conviction, but not so much for retail trading small accounts on 100x or above.
  • RB
    R B.
    13 July 2018 @ 12:24
    The crypto space is very interesting for me, since I am technically inclined and made a little money buying early-ish. Learning about (new) tokens and their (new) capabilities is always useful in the fast paced crypto development world. So, i really appreciate pieces like this. Keep them coming please! How about an unbiased overview of BTC and BCH differences? ;)
    • RF
      Richard F.
      13 July 2018 @ 14:23
      R B ... There was nothing in this piece about crypto currencies... it was a trade idea for the Euro USD pair.
    • AR
      Abishek R.
      15 July 2018 @ 12:17
      Is this the first sign of computer generated spam on RV? My god, we have been infiltrated,