EURNZD Short again

25 Tem 2016

This is an odd trade. I am shorting two bearish currencies. Essentially, since I am swing trading, I am offsetting the interest differential cost in the NZDJPY trade, should the NZDJPY trade play out. Also, if the EUR does fall down faster than the NZD, then this too shall be a great for my sell position in the EUR currency.

25 Tem 2016

Not

All my predictive analysis points to a bad German IFO Report, coming up July 25 at 4 a.m. Eastern Standard Time (New York Time).

This supports my bearish position in the EUR.

Risks: New Zealand currency falls down faster than the EUR.

Comments: It would probably be better to sell the EUR currency against the Japanese Yen, since the yen is moving up.

But, I am going on a road trip...no time to position myself in something new. I'll keep all limit orders the same with targets and stops in place.

25 Tem 2016

Not

Looking for a break below support on the 15 minute chart:
s3.amazonaws.com/tradingview/snapshots/h/H0ZA8vvu.png

25 Tem 2016

Not

...this is for a late entry..or to add to currency short position.