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When should I sell my Euros?
Tuesday, July 21, 2015 10:09
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Tomorrow morning is the UK Bank of England Minutes from their latest interest rate decision. I am of the opinion this might present some good opportunities for Euro sellers looking to buy the pound as investors who have been buying up sterling in anticipation of next UK interest rate rise unwind positions as the members confirm the 9-0 vote.
Selling Euros is a tricky situation but I think moving sooner is the best way forward since the Euro crisis is far from over plus the pound is going from strength. If you need to sell Euros selling on any small dips in your favour is I believe the best way to mitigate any losses.
For more information at no cost or obligation please speak to me Jonathan on [email protected]
Source: http://www.eurorateforecast.com/2015/07/21/when-should-i-sell-my-euros-3/
I am doing long term trading on this pair and I feel at the moment it’s neutral trend, so I will stick to by trade till there is any clear signs, I am fortunate that I have OctaFX broker especially due to their swap free account because I don’t need to pay any over-night charges which makes me comfortable with leaving trades on for longer time and I can close it only whenever I feel it’s right time on merit, but usually with other brokers due to overnight trades we often find people closing trades earlier then what they like!