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#SaxoStrats: Selling EURUSD

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April 23, 2015 #saxo strats, #saxostrats, ecb, euro, european central bank, eurusd, eurusd trade, eurusd trade idea, fomc, fomc meeting, fomcmeeting, fx, fx forex, fx market, fx markets, fx strategy, fx trade, fx trade idea, fx trading, hardy, john hardy, john hardy forex, john j hardy, johnhardy, johnjhardy, qe, saxo, saxo bank, saxo bank forex, saxo bank fx, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotrader, saxotv, trade, trade idea, trade ideas, trade view, trader, traders, traders tale saxo tv, trades, trading, trading currencies, trading floor, trading floor saxo tv, trading forex, trading forex 2015, trading fx, trading idea, trading platform, trading risks, trading strategy, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us fed, us federal reserve, us federal reserve monetary policy, us federeal reserve

Saxo Bank’s Head of FX Strategy John Hardy is looking to sell EURUSD ahead of the next FOMC meeting. In his latest #SaxoStrats video, John talks us through his trade and explains his reasons for it.

Entry: Short EURUSD near 1.0700

Stop: >1.0755

Target: 1.0555 and 1.0485

Time horizon: Take off Tuesday April 28 if position is still alive