IMO. Upcoming major technical resistance points are thus: 1) 2225 off the weekly. (this may have already been hit). 2) 2357 off the weekly. 3) 2479 - monthly. Long term bias is down (dollar appreciation), so on a confirmed move, one might consider piling it on. A one or two day congestion around these points should be expected, i think.
Whenever something breaks down in the short term and is at a bottom/reversal/top I see someone talking about how great/poor the long term trend is.
That doesn't say much. Considering your doing exactly the same with your long euro calls. If anyone could predict the market with the prophetic accuracy you claim, they wouldn't be posting here. My short bias is based on nothing more than long term technicals. I could be wrong. But I stand by my calls and will look for good shorting opportunities at these levels: 1) 2225 off the weekly. (this may have already been hit). 2) 2357 off the weekly. 3) 2500 - monthly. If the market breaks 2500 convincingly, then hats off. But that doesn't mean i won't be long on the way up.
Im still here. See my calls above. I trade off weekly/daily technicals. So im not sure if my long term bias has much relevance to daytraders.
1.2150 1.2120 1.2085 1.2195 1.2240 1.2275 top is forming with m/t mom cross lower, below 1.2150 sees losses accelerate, look for pullback to 1.2070/90, upside test if over 1.2200