EURRUB the Short that Gives Both at both ends.

Hi,

I like the idea of a $EURRUB short, I expect both the Euro to devalue and for the Ruble to be one of the strongest Currencies for short/Medium term, technically. Plus you get a massive carry interest rate differential, longer you hold the bigger the interest.

I have covered my ‘Bearish’ technical view on the EURUSD quite extensively.

Here are some quick hit charts and a clip on that, Both Weekly An Daily.

2016-10-14_17-08-44

2016-10-18_11-46-49

2016-10-18_14-55-07

2016-10-20_16-11-12

Here is todays EURUSD

2016-10-21_19-27-14

Saxo Chart

2016-10-21_20-16-24

However, Here is the USDRUB.

large Weekly TF shows a Head & Shoulders.

Likely Key Level of Significance [KLoS], = 65 plus we also have an Inv HVF set up on this level. [2nd chart]

2016-10-21_11-11-10

H8

2016-10-21_11-10-04

So our prince of these trades is the EURRUB.. here is a similar H&S’s and an Inv HVF at the 70 neckline.

2016-10-21_11-10-04

2016-10-21_11-11-10

By | 2016-10-21T10:56:55+00:00 October 21st, 2016|EURUSD, FX & Precious Metals, Trading, Uncategorized|Comments Off on EURRUB the Short that Gives Both at both ends.

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