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Long EURUSD into Friday's close

Long EURUSD into Friday's close

David Rodriguez, Head of Product

I took a EURUSD long position on Thursday evening as I expected a EURUSD pop into Friday's close. I was very close to doing the exact opposite--going short as our SSI looked as though it would flip to net-long. Yet that didn't happen and ultimately the trading crowd is once again aggressively net-short. The trend favors gains until it doesn't. And I think market jitters could be enough to force a pop as shorts bail ahead of the potentially pivotal weekend.

Regardless, this position will be closed before Friday's close at 22:00 GMT.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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