Disliked1.3720 is an upside target on EURUSD, the top of the bull channel meets a measured move upwards. It'll probably hit on Monday. Funny how cable has turned weak over the last few days. This is visible also in the EURGBP cross. Given the fundamental outlook for the UK vs Europe it's *interesting* that cable is weakening against euro. Maybe I'm guilty of confirmation bias but that just confirms for me the stinky rotten smell of this euro strength. It stinks to high heaven of a countertrend squeeze and I am holding all EUR (and GBP) shorts, they will...Ignored
I am doing my end of week analysis and I am thinking the same about EurGbp. It should not be anywhere near where it is at right now. Does the market not believe our economic data in UK? Do they not trust our Canadian Bank Chairman? I dont know
I laughed out loud when I read how firmly you are holding those eur and gbp shorts. Have you thought about writing. I understood what you were conveying easily and quickly. As for me the $ index has broken support and I have to see what it will do on Monday. I do agree that the $ will get stronger but how do we profit from this when it is going the other way?
Rehab because of the break in support @8050 the president of the Dollar Bulls League resigned despite our pleading that this was probably a temporary setback. So the position is vacant. When I call the upmove (when it comes) and profit from it I will put myself forward for the position
Find a trend and milk it for all it is worth. That's how to be profitable