It has to be only a shortish time scale of months, because the Euro idiots can't decide anything ( crappy system ). One used to look to the USA for a financial lead but they seem to have caught the lemming disease and are going down the toilet. Japan doesn't know what it's doing. To revert to the distant past is obviously not the answer, so what is ? One could risk the BRIICS but are they politically stable enough ? The " Fiscal Cliff " is only weeks away mama mia
I have 2 levels for a potential short - entry and target level. I need one more level to decide. I may also trade long - depending on further developments. Would you go short, long or just give it a miss?
I'm fading from the long side, but could just as easily be fading from the short side. The consensus is about mixed on both eur and usd. I wouldn't trust any trend right now. but what do I know? I'm long from 3001, and that's only because I boughtt some more at 2893
The manipulators pushed it up nicely on Friday all the way to September highs. Now it may drop like a stone, or fly like a rocket. I don't care and I'll leave it to the manipulators to play till mid January. I wish you a Merry Christmass and Happy New Year!
Maybe it's good to follow Luxemburg's events as well? (Luxemburg Prime Minister said that euro fx rate is "dangerously high")