what do you guys think? rallied big today, looks like it's going to make another rally very soon. You guys with me?
Crazy, look at a daily, we are still in a downtrend, we are coming up on the third attempt to break the Strong/Sticky 2500, we will see next week. OV I concur The Ever Watchful VIPER
I'm with Viper - as long as the daily trend is down, I've got a short bias. I'm short from 1.2718, but have moved my stops to breakeven. I could see it revisiting the 1.2425-ish area, but I could be wrong. We'll see what next week brings. JEB
why is EURUSD is so correlated with US equity indices? If there are will be another short covering or rally, then EUR will jump several hundreed pips too. I covered my short yesterday about 1.2575, will look to enter again at better levels.
It's quite a triangle forming. But I agree you can't argue it's a downtrend on the daily. This triangle has been forming for the last few weeks so it should produce an explosive move.