When looking at a monthly chart we can see that EURUSD is at historically interesting level. Given the miserable macroeconomic outlook in the EU region (unresolved Greece, Spain, Portugal etc...) and a relatively healthier position of the US this is a good opportunity to scale into longer term shorts.
After a successful 1st attempt we reenter here. With less risk since Today is NEWS DAY. There might be some BS optimism coming today with Zuma potentially being ousted.
Our bet is it won't be pretty. But we will go long more aggressively after this shakes out. Be careful.
