Macro digest: Buying EURUSD here....[spot cash: 1.3344 / stop: 1.3270 offered)

Time Ladies and Gentlemen,

 

Our JABA model sees significant weakness in US Dollar overall through mid-Q3 into Q1-2015. I'm already short USDJPY(from present level) and is now adding long EURUSD….

 

It's time to get long the EUR/USD....

Buying EURUSD here - a couple of reasons:

#1: Positioning - see graph
#2: My short-term turned up...
#3: JABA model sees clear weakness in US dollar mid-Q3 into Q1-2015

Stop: 1.3270 offered

 

 

 

 

 

 

 

JABA model

 

 

Med venlig hilsen  |  Best regards
Steen Jakobsen  |  Chief Investment Officer

 

Saxo Bank A/S  |  Philip Heymans Allé 15  |  DK-2900 Hellerup
Phone: +45 39 77 40 00  |  Direct: +45 39 77 62 23  |  Mobile: +45 51 54 50 00

 

Research: http://www.tradingfloor.com/traders/steen-jakobsen

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