Dig in, complacent longs!
I’ve been warning against complacency among EUR/USD longs for a long-time. It’s been a slow-speed decline, so the pain has been fairly modest (save for Monday morning’s jolt…)
The longs are only more complacent, just as predicted.
Longs, I think the end is neigh. Stops below 1.2950 are suddenly feeling very vulnerable to me despite this morning’s bounce ahead of 1.2980.
A crappy stock market this afternoon and legions of you will be carried out of your positions toes-up…