I usually get very good guidance from this particular source and his recent track record is very good. He emphasises that he is not recommending that we go long EUR, merely that there could be some significant flows going through in the next 48 hours which could drive the EUR/USD higher. By ‘higher’, he means 150 or 200 pips, so if you’re very bearish and short but had been thinking of taking a few days off to paint the ceiling, this mightn’t be a bad time!
I’m moving from one office to another this morning so I’ll be offline for the next 45 minutes or so. Let’s hope nothing ground breaking happens in this time.
