For those trading FXP rather then taking a longer term approach, I think it's time to take profits, this was a good run, but the downside risks for me are enough to take the profits and reposition.
If FXP moves higher, there will still be plenty more opportunities. For now, I'd like to reposition around the yellow 10-day ma
The 60 min trend channel is nearly broken on the downside, it's close, you may want to watch that level around $25 on a closing basis.
This is what I mean when I say there will be plenty of opportunities in FXP. 60 min
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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