How to trade the euro around the ECB decision
Ryan Littlestone spoke to the men at TipTV today. He ran through today's Eurozone economic data and made the case for a less dovish ECB along with a few trade ideas.
"Maybe the ECB will think twice" if inflation is strong on Wednesday after today's strong PMIs, he said.
"The die is cast that they're going to act but this next round of data will determine how much," Littlestone said.
Ryan also talked about how it will be difficult for euro longs to gain any traction until above 1.10 or 1.15 because they're deep in the money and have shown they're not easily squeezed out.
Finally, he outlined when it might finally be time to buy the euro and short the US dollar. He had a trade for during the ECB announcement as well.
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