so i'm curious as to the reasons one remains long as i have reasons to see the short side.
reasons for the long side i've seen
past trend. i wouldn’t really call it a trend, i'd call it more of a range.
head and shoulders formation. even though i don't believe in candlesticks and those formations, the inverse head and shoulders is dwarfed significantly by the head and shoulders of the past 2 months, which seems likely is ready to complete
clarity in other euro countries? This may be the best reason, but I have a tough time with policy makers turning around an economy with words immediately and I’m not sure how much actual clarity will be had. This can be as much for as against the euro
reasons for the short side (that I trust)
moving averages. easy to see
trendlines. easy to see
fundamentals. we've given it a chance and sentiment still stinks
timing. we needed to play around and now we have
i look at the overall situation and the fundamentals have not improved and we have now played around here for a few months (which was probably needed) and it's approaching the end of the quarter where moves like to happen. Many forecast the Euro down into the 1.15-1.25 range this year. I’m not one who calls major breakouts, but can someone please tell me why they see any more upside when the timing and fundamentals are so strong to the downside because i don't see it with what's on here. i see drawn lines and critiquable trendlines. thanks for your time.
reasons for the long side i've seen
past trend. i wouldn’t really call it a trend, i'd call it more of a range.
head and shoulders formation. even though i don't believe in candlesticks and those formations, the inverse head and shoulders is dwarfed significantly by the head and shoulders of the past 2 months, which seems likely is ready to complete
clarity in other euro countries? This may be the best reason, but I have a tough time with policy makers turning around an economy with words immediately and I’m not sure how much actual clarity will be had. This can be as much for as against the euro
reasons for the short side (that I trust)
moving averages. easy to see
trendlines. easy to see
fundamentals. we've given it a chance and sentiment still stinks
timing. we needed to play around and now we have
i look at the overall situation and the fundamentals have not improved and we have now played around here for a few months (which was probably needed) and it's approaching the end of the quarter where moves like to happen. Many forecast the Euro down into the 1.15-1.25 range this year. I’m not one who calls major breakouts, but can someone please tell me why they see any more upside when the timing and fundamentals are so strong to the downside because i don't see it with what's on here. i see drawn lines and critiquable trendlines. thanks for your time.
hope you had a nice weekend
