DislikedHey Guys,
Well I am still in the Eurusd short by the skin of my teeth had to move my stop from b/e back to its original position, but I was fairly certain that the dominating sentiment in Europe was bearish due to the Portugal situation and that the orders would come in on the short side of the Eurusd, hence why I didn't want to give up my position.
Apart from the major European issues the Usd has got a few market moving releases this week but non seem to be negative to usd strength. If order flow is still being priced against the estimates...Ignored
If your short now on the EUR be careful. I'm not an order flow trader and may never be, but what I can tell you is that your in a short everyone is doing. In other words your with the crowd before the shake out.
Look for a stop run north,,,,,,,,, then you know your on the right side.
Or I'm full of it, and it goes south fast.
Good luck, and at least close some so your in profit.