DislikedI am currently long EUR/USD, and intend to stay in that position. It is very difficult to say that a short in this area would be smart as we have strong support at the 139 level. I am trading on a longer term than intraday; I am aware of the waves, though I strongly caution against basing too much on technical analysis based upon the light volumes over the past week. My current view on the pair is that we will very soon see tremendous EUR strength as most of the selling in EUR is nothing more than JPY buying based on the risk adversion trade (GBP/JPY),...Ignored
the trend is currently down. even if you see a 15m north don't get tempted I'd think of it as a scalp. I'd only add a long to my short and close it when I see the down trend resuming. Well thats just my opinion.
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