Buy the news! Euro sports a Draghi
Who was short the Euro on Draghi Day? For that matter, who was long Uncle Buck? I mean I am long plenty of Uncle Bucks because I have a high cash position. But who was trying to game the ECB?
Come on, admit it boyz and girlz.
We had noted the wedge (or ending diagonal, as EW’s might say?) on USD in an NFTRH update yesterday. Here’s the daily UUP equivalent. Uncle Buck is in a bull market, though a correction was likely because this is the market that wants to put all robotic, automatic thinkers off sides occasionally just to keep things interesting.
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