one month again almost gone.
euro made lower high and low compared to previous month. basically canceled my positive feelings about euro.
plan to go long near dec19 low was so tempting but insteed of going long spot decided to buy atm euro call at 1.1000.
for 6 month cost was 210 points. as my first plan was buy near 1.1005-10 and keep stop below previous year low but then near the lows with low volatility I was starting to think that 8 times out of 10 yearly low or high (extreme) will be made in 1-st quater. 6 out of 10 yearly high or low will be made in january.
so plan to go long and also ready take a loss 125 pips sounded like an option during current low volatility times.
3 months atm call with cost of 130 pips seemed to be exactly right as I was anyway planning to loose 125 pips if things doesnt work out.
but 3 months didnt sound right. too soon option starting to loose time value, so decided to take 6 months.
and if thing go deeply lower I can sell put later to finance my costs spent on euro call.
so as euro took out previous month low then I treat current move as downtrend. as long as 1,1240 holds. target 1,0879. for next week I expect euro to trade in range of 1.1075 and 1,0965
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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