added last 25% @ 1.3166 This is a my max position size long, stop @ 1.3147, though will most likely re-enter all in if stopped out same level as the average. Hourly formation looks excellent. Average long 1.31635
I don't agree with the first one, it's been climbing since beginning of 2005 to this level, there was a correction, now almost at weekly resistance 119.86 - there must be a reason for it. I bet you they will try to take that level. I do see a quirky looking divergence on 240, but in light of last 2 years climb it doesn't really make a stand. Even looking at the monthly chart I just don't see bearishness. Now I know everywhere you look all they keep writing about is that USD is weak & how everybody is to dump in favour of EUR, etc, but I just don't see it in the charts. I will be buying resistance.