EURUSD: short at 1.3470

15.34 gmt

Short $6/pip EURUSD at 1.3470, SL at 1.3530.

These are tricky markets indeed. Gold has been hit hard this NY morning, the AUD dropped with it, but is rebounding a bit now. All the volatility coming after the options cut usually means this is not flow related but speculators/funds playing serious games. Throw in a rumour / trial balloon of the ECB thinking about negative deposit rates and we have a recipe for major volatility. I reckon the EU short is the best play here. I might add a EJ short if it touches 1.35 again.


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