I'm looking at the EUR/USD currently at 1.2970, and in the past 12 days or so I've watched it pull back from about 1.2700. Now I believe it is poised for a short to about 1.2550 that should play out as the year comes to a close.
I'm looking at the GBP/USD currently at 1.6030, and in the past 10 days or so I've watched it pull back from about 1.5840. Now I believe it is poised for a short to about 1.5780 that should play out as the year comes to a close.
I'm looking at the AUD/USD currently at 1.0455, and in the past 50 days or so I've watched it pull back from about 1.0180. Now I believe it is poised for a short to about 1.0145 that should play out as the year comes to a close.
I'm looking at the USD/CAD currently at 0.9925, but I have both a long target at 1.0125 and a short target at 0.9800. I'm yet to decipher a directional play with this currency, but some of you options traders out there might be able to structure a position that can benefit from the potential volatility.
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Good Luck
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