I want to go long of this Matt but the only thing holding me
back is that euro retail investors are still net short as of last
Friday. I will do a further analysis tonight when COT Data is
through
Otherwise, its due some form of bounce for sure
1.35 I think is the 50% fib of the recent peak and trough with
1.39 being the 61.8% level of the move so it will either turn at
1.35 or before.
I want to go long
EUR swing trade idea
Posted by vimal on 6th of Aug 2010 at 09:42 am
I want to go long of this Matt but the only thing holding me back is that euro retail investors are still net short as of last Friday. I will do a further analysis tonight when COT Data is through
Otherwise, its due some form of bounce for sure
1.35 I think is the 50% fib of the recent peak and trough with 1.39 being the 61.8% level of the move so it will either turn at 1.35 or before.
Very difficult one!
vimal - EUO is still
Posted by matt on 6th of Aug 2010 at 09:52 am
vimal - EUO is still in the downtrend wedge, it has yet to break out of it, the Dollar of course continues to sell off and so it EUO