. There is nothing wrong with shorting the EUR/USD, As Danske bank Fx team quoted : "Positioning against the single currency has become increasingly one-sided, as reflected in the latest IMM data, which shows further accumulation of EUR shorts, being short the euro is thus increasingly becoming a consensus trade."
Shorting the EURO today would be like pulling the trigger to early in my view. Just let it rise a little bit, let it have his correction bounce. Then jump on the short train.
So my advice don't be THE FIRST to jump in the water
have u entered any trades todsy? i sat in front of my com for 12 hours without making a single trade.! too chicken!
. no trading on my main trading account. apart from early morning morning macro lot for 1 pip 
[it's my habit ]
what does bounce mean?
closed at 782...short@785 risk covered, i hope bears can pack a punch...till about 30...or 25...(tp area...wont refuse 35tho!), then i'll get all bully again...looks like scalping wasnt such bad idea. need to get another long in at the bottom there...now let go you stubborn 50!!...good girl...
good on ya mate...what do you make out as the end of this little bear run...i'm playing at the bottom of the h4 channel...but the euro is not giving much assurance...i hope the energy she mustered at 2675 is still in there somewhre. i also have a very old line at 53...it played a role on the way up...it seems like it might be something again.(abt where we are)
very interesting question and depends on TF
from a daily point of view I was hoping to see low 1.26xx today and low 1.25xx tomorrow.
for the current move down assuming 1.2784 was a top then
for H1 I would be looking for a test of the last H1 low so around 1.266x if the downtrend is intact.
for lower Tf I am targeting 1.272x being 61.8% retrace of the move up from the low and should be achieveable given overall bear trend.
As for my trades I will hold them through all those levels taking some off at the lows of 1.26xx and...
really simple, it's like a basketball that hit the ground and bounce back to his original place, your hand.
Same with this example, comes from up 1.31 approx, hit a support line (floor) 1.27 approx, then bounce back to 1.29 approx.
Try to look up information on SUPPORT & RESISTANCE. Great place to start
Or does it mean we are into a bit of ranging market now, I mean the bull bear struggle. maybe some bounce or correction as regards the recent upward movement.???????????
