LIVE TRADE: EUR USD long, entry 1.1718Euro/US DollarFX:EURUSDjohnelfedforexblogIt's another USD short trade, based on the 'multiple rate cut narrative'. The overall market mood remains positive and the US 10 YEAR is falling, coinciding with 'soft' consumer confidence data. I've chosen the EUR to long, based on yesterday's neutral / mildly hawkish ECB and the divergence of US and EUR rate cut expectations. Its a 20 pip stop loss with 20 pip profit target, this time the stop loss is behind 'nice 15min support'. The risk to the trade is 'limp Friday price action'. Or simply USD strength. If it's ongoing, I will close the trade before end of day to avoid weekend risk .