EU - where is it going next?

ok those stops are done finally...

 

I'll be shorting very soon. These levels of EUR are painful for the PIIGS.

 

Whose the asshole that pushed it over 3300? Contra!!!

 

lol I don't know but whoever did got paid $$

 

Oh the temptation! Down 190 pips and really tempted to add to this short. Will it visit 2800 or 2900 again or is it headed north?

 

u guys hold that much drawdown?

 

This EURUSD has been trading in range of 2800 to 3400 for quite some time. I tend to buy or short somewhere in the middle and pull out a few hundred pips a month. Its an easy strategy when I'm really busy with other life obligations. Most recent short at 3110.

 

6E to 1.342-1.345, stop=1.317

 

I think short term signals on 1st friday of the month is not reliable as NFP will decide where market will go and it can hurt badly if goes against your position.

 

It didn't break it (already tried once). Expecting it to try again...