DislikedHi, so based on charts, you think the Euro is goign to change to the upside as soon as next week? for eg. What does the charts say about gbp.usd - was it up 200-300 points? next 1-2 weeks.
A number of expected thinks didnt happen tday
1) gold down more
2) Oil down to 91
3) S&P down
those didnt happen tday - seems like change consolidation ??
I shorted AUD/USD as a trade for monday ... if Gold goes back up, that trade wont seem like a wise move.
VBIgnored
You are making my head spin.
I am not a fundamental trader. I am just looking at the charts. I have prepared a EU chart for you. Look at the recent tops - all at the same time.(month end) Look at the lows - all at the same time.( mid month).
Even the trendline breaks all happened at the same time ( around the 6th of each month)
So - based on what has happened, it may not be too far fetched to see EU going up to test the upper TL at 1.3150 area.
But patterns are broken - all the time - so this may not play out at all.
This trade would not be anymore riskier that trading off a Fib, or a trendline or a SR level...
It's risk vs reward. That is all it is.
I hope someone could answer your questions better with regards to the intertwined markets you are referring to.
all success