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MUFG trade of the week: Sell USD/BRL, stay short EUR/USD

MUFG trade of the week: Sell USD/BRL, stay short EUR/USD

MUFG has been riding the recent wave of EUR/USD weakness. The pair bounced back this week but is still below their entry price and they maintain that trade, while adding a short in USD/BRL (spot ref 5.2200) with a target at 4.9000 and a stop at 5.4500. The stop for the EUR/USD trade is 1.0875 with a target of 1.0350.

"We are recommending a short USD/BRL trade idea... Read More

Posted: Mar 3 2023, 18:28
Author Name: forexlive
Views: 102112

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