SaxoTV

Coleman: Why I’m selling EURUSD

493 views
December 04, 2015 currencies, currency, currency pairs, currency trading, disappointed, ecb, eur, euro, european central bank, eurozone, eurusd, forex, forex idea, forex trading, fx, fx markets, fx trade, fx trade idea, fx trading, levels, mario draghi, markets, monetary policy, resistance, saxo bank, saxo bank saxo tv, saxo bank tradingfloor.com, saxo tv, saxo tv trading floor, saxo tv tradingfloor.com, saxobank.com, saxotrader, saxotradergo, sell off, selloff, stop, support, target, trade, trade idea, trade view, traders, trading, tradingfloor.com, tradingfloor.com saxo tv, us dollar, usd
The euro rallied sharply against the dollar, when the European Central Bank failed to meet market expectations on Thurday. But Ian Colman believes the rally will be shortlived and is looking to sell.

According to Coleman, there was a broad sell-off in USD across most major pairs as markets were really disappointed with the ECB. But the rally is being capped with with the dollar now finding support and EURUSD hitting resistance, coleman says. He is looking to sell at market with a stop at 1.0950. His target for the trade is 1.0820.