The last short signal on EURUSD was below 1.2930 now the attack to the neck line of 1.2770. If the month of May will close below this level, we will have a monthly bearish engulfing pattern.
I believe that, at this point, May 22nd will be a decisive date for EurUsd. On that date, Bernanke will speak on the state of the economy and the minutes of the Fed will be published.
yes, this is what I was afraid of that is why I switched the base currency for my spreads over to CAD nice though for that one long position I have on in USD/CAD otherwise, I'm losing my ass in short eur.cad just something to keep in mind
It won't last. Low inflation everywhere. USD will fall as everyone discovers that printing money is still a priority.
The need for the Fed to have lower gold prices (to buy it back and return it to Germany) makes a strengthening of the dollar inevitable.
Waiting until Wednesday 22nd .... when the Bank of Japan will decide on monetary policy too (and Jpy)