This was it fellas. Get short now. We are heading on a long road south in this pair. Nice charts by the way. ---bull
No disrespect intended, but don't you think shorting an uptrend is a rather risky move? Not saying your wrong, but myself, I'd prefer more signals before just trying to pick a top. What's the opposite of trying to catch a falling knife?
Ivanovich, I am just making conversation. Not suggesting anyone place an actual trade. All in good fun only, however I am actally deep in actual trades myself. Picking tops and bottoms is a sure way to end my career. I have a breaking point and I am sure the resolution of the usdBears will take me to my most extreme point. I'm just not there yet.
Oh, I know you're just making conversation. I'm not upset, just curious why you believe what you do, and why you're willing to place your money on such a radical point of view. I agree that the US is fundamentally stronger than the EZ. But that never seemed to matter in the past. People enjoy selling the dollar on bad news, and then selling it again on good news. There's rarely been any logic reasoning behind it - it's almost always emotional. But it still is, nonetheless.
i think there is confusion here.the euro is still in an uptrend,it has just hit a brick wall resistance at 1.30 area.this uptrend will not be broken until 1.25 area is breached.there is a tendency to draw in as many speed resistance/gann etc.really,the basic lines/trendlines will suffice