We are in a strong downtrend. The economic situation in EZ is worsening, confirmed today by ratings downgrade, yet people keep trying to go buy Euro.
No one can pick a bottom or a top. I would really like all of you who think that " Oh RSI says oversold/bought, time for retrace or correction" to go check out the run that GU made to 2+ level. Just look at the same indicators. The best guide is TREND.
Counter-trend trading is not only difficult but a sure fire way to loose your account. Scalp in the direction of major trend.