Us dollar has been on the defensive all week and each day it kept losing a bit more against almost all currencies. Today, during the Asian trading session EUR\USD reached the highest level in years, yen was again a big winner with USD\JPY reaching 105.55 and there is no end to the greenback weakness.
I took the worst losses this week and my account balance depleted by about 18% - all by being USD long. I keep looking at charts but no signs of rejections for appreciating against dollar currencies. At this point I don’t even think about any gains, I just want to break even, if that’s all even possible.
Perhaps some profit taking will halt dollar sell-off (or another sell-off in equity markets) that will help me to get out of these positions with minimal losses.
I took the worst losses this week and my account balance depleted by about 18% - all by being USD long. I keep looking at charts but no signs of rejections for appreciating against dollar currencies. At this point I don’t even think about any gains, I just want to break even, if that’s all even possible.
Perhaps some profit taking will halt dollar sell-off (or another sell-off in equity markets) that will help me to get out of these positions with minimal losses.