Maestro !!! Your willigness to share , your experience ,your knowledge and your deep and profound simplicity to analyze dificult things , changed forever the way that I see and invest in the markets. Happy New year and hopefully see you soon !!!!Big Hug and many thanks Kamikaze...:)
Have to agree with @felipe here. Bearish speculation on the collapse of Europe is way overdone. Moreover, there are some interesting A/D divergences developing on TLT, UUP, and FXE (bearish on the two formers and bullish on the later) that indicate an upside breakout may be in the works. I discussed this in more detail on my site today.
Bottom line, if Eurodollar breaks the short trigger, it's probably a pretty good bear trap.
My feeling is the euro will go up a little before going down farther. It's trading in a falling channel and we're at the bottom. It should go up towards 1;37 or so before anew leg further down. It might well be possible that the excessive short positions on the euro will push it even higher.
6 comments:
Net Sellers have increased at its old time highs in the EURUSD. A big move is coming and will be probably to the upside. That´s my bet!
Have a very nice Christmas Moise
Thanks, happy holidays :)))
Maestro !!!
Your willigness to share , your experience ,your knowledge and your deep and profound simplicity to analyze dificult things , changed forever the way that I see and invest in the markets. Happy New year and hopefully see you soon !!!!Big Hug and many thanks
Kamikaze...:)
Pura vida !!!! It was an honor to meet you !!!!
All the best, and yes, see you soon :)))
Have to agree with @felipe here. Bearish speculation on the collapse of Europe is way overdone. Moreover, there are some interesting A/D divergences developing on TLT, UUP, and FXE (bearish on the two formers and bullish on the later) that indicate an upside breakout may be in the works. I discussed this in more detail on my site today.
Bottom line, if Eurodollar breaks the short trigger, it's probably a pretty good bear trap.
My feeling is the euro will go up a little before going down farther. It's trading in a falling channel and we're at the bottom. It should go up towards 1;37 or so before anew leg further down. It might well be possible that the excessive short positions on the euro will push it even higher.
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