DislikedI don't foresee 1.3380-1.34 being broken unless some high impact news comes out to drive it past the 200 Day EMA, which has been sloping down since Euro tried to break above it 4 times when it was up at 1.35. Should be ranging in eur/usd until we get some high impact news. IMO, eur is overvalued! Guess we'll have to wait and see as you have indicated. Personally, I would not be long the EUR unless we break above the 200 day EMA or above 1.35. Talk of lots of sellers sitting at 1.3480-1.35.Ignored
Eur is certainly overvalued, but that has little to do with direction!! As we know, when Bernanke 'speaks' the market moves (for example), and it has little to do with reality!
We just trade things as we see them on the charts, and whatever happens....happens!!
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