Eur/usd jumped +3.15% today.
So...good time to buy dollars on the dip? Or will euro bubble? Should I hodl euros?
Well, yellen want an up of rates on dollar ... less than 2%.
that's why euro surge.
that's wrong.
The reason for the crazy Eur/usd rally today was the ECB rate decision. The market expected Mario draghi not just to expend the time period of the QE program but also expend the quantity of the program to over 100 Billion per month. But that didn't happen. If it would have happened a parody move would have been likely.
So this was a lot of shorts getting stopped. But I still think the EU will reach parody phase because the FED rising interest rates is likely in 2 weeks.