DislikedI'm still serioulsly short for a long-term positon trade in EURUSD... took a big short position at 1.3490 and it is working out very well so far.
Current level of 1.32 seems about where the Euro should be in good times... but we are not in good times for the Euro.
So I see it tracking down to the 1.1885 we saw back in May 2010... or even lower.
I'm in Euros for weeks or maybe months and I see this as one of the most certain trades of the decade. But of course, stops are reasonable, because nobody really knows what will happen.
But...Ignored
Yay! Pips for everyone!