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Lambert: Selling the euro amid Fed 'shenanigans'
It's time to sell EURUSD this Thursday, according to Clive Lambert, director at FuturesTechs, after the Fed announced it's scaling back its asset purchase programme. The euro fell after the announcement after matching last week's high.
Clive says he sold off through 1.3709 and trading through that level prompted a small "double top" sell signal. He's targeting 136.00 - 20. He's placing a stop at 1.3730.
Late on Wednesday, the US Federal Reserve announced it would taper its bond buying programme by ten billion US dollars a month, beginning in January. It also reiterated its commitment to keep interest rates low.
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