Let me teach you a little trick that most Hedge Fund managers (like George Soros) will do in the next few days concerning the Euro Dollar ;1) They will try to "pop" up the Euro (versus the Dollar) just to see how "strong" the downtrend really is.
2) They usually focus on fundamentals and news events, but they "pay attention" to various price levels since most traders use charts (they know the levels we look at).
3) They are now focusing on a news event that should come out very soon, and will use a break below the 1.3450 to crash the Euro
2 comments:
Moise
it cannot be better said.
I think this will be the ultimate last chance to get out of the euro and dominated assets in euros and to park in Us$ cash as i don't see stock markets benefiting from a euro crash
So sell the upcoming rallye
Time frame..?i think indicator will show us
Hey Moise,
We didnt really get the pop up you were expecting these few days. Is it still on the table? Or should we expect it to just go down hill from here?
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