Trade on Thursday created a bearish divergence with MACD and RSI on daily continuation charts. I would be cautious with a long entry just now. The low today hit the 20 day, so there is always a chance that it won't go through. I am targeting 119.60 initially.
congrats guys......awesome trades.........I got out of a short too soon and also went long too soon.............net net -$300 .....still nursing the long as well as a long in the June Bund contract......
eur... seems there is a bottom at 1.21... I think wants 1.2270 area from here then south to 1.1895 I closed most shorts
There's only a bottom at 1.21 because there's a big CB camped there. But he'll be overcome shortly - is my guess. Target of 1.23 is not viable at this point given fundies or techies.
1.2115 now. Bull. Oil and gold will help for now.. let's see how far this will go, my interest rate expectations fell through so no fundamental support.