Disliked{quote} USDx is so weird...everytime it looks like its going to drop on the chart, it goes higher...I can see it easily going to 100, so thats why I worry about EU longs...Ignored
Dear Online addict; my humble opinion is we have witnessed an important bottom a few weeks ago however in order to be sure the price needs to drop as close as possible to that low and then we need to see eur demand. I believe what we have experienced is a correction of 8 year which took EUR from 0.80s to 1.60s.
I will be closing my EUR longs which I currently have open from last friday when the market opens and will be playing with longs especially if it gets below 1.1190.
Going below latest low however will dampen my mood and probably prevent me taking any long chances up untill ca. 1.0400.
What is your view, I would appreciate it if you could share since you are one of the few traders here who still has faith in eur.