EURUSD exceeding expectations, already trading at 1.12800, we | BeSomebodyFX

EURUSD exceeding expectations, already trading at 1.12800, we keep a long term bearish bias here as the FED vs ECB monetary policy divergence is just getting wider

A clear hint has been sent a couple of days ago from FED’s vice chair (Clarida) mentioning how it may be appropriate to discuss increasing the tapering pace in the upcoming meetings, hence while the FED continues to turn more and more hawkish the ECB remains on a whole different policy, shorting high ones on EURUSD continues to be one of our trades going forward, see chart above for technical details