Just shorted EUR/USD @ 1.4490Target 1.4225
Stop 1.4625
With the end of the quarter behind us, we should start to see some selling. Most risk assets have been rallying continuously for the past 2 weeks and look over-extended on the hourly charts. CL is already looking weak, ES probably has another day before it gets exhausted, and EUR/USD is heading down now.
I expect the sell off to begin after 4th of July holiday on Tuesday when the market opens again, but wanted to get my position in on Friday because EUR/USD is already looking weak on the hourly charts and I won’t be around later today to do a trade near the close.
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