As is usual eur/usd topped out by the time the fed and other news came out and now seems slated for the slaughter house having fattened up over last month.
I guess a target in 1.3300s looks plausible.
Let us wait and watch.
Cheers
Posted by Shantanu Marathe at 5:39 AM 0 comments
Life is funny, I kept tracking EURO and CHF for last two days and they hardly moved. I made money in a pair that had not really hit my conscious- USD/JPY. Suddenly inspiration came while watching EURO with bleary eyes, that USD/JPY was not so bad a set up!
I do not mind, what worked as long as something worked so I can have a relaxed and happy weekend. This will be my last post for the week, so have a nice weekend.
Euro has been trying to change its daily trend for some time now. It has gone down a long way and I am expecting a correction over next few days even if for going down in the overall state of the trend. I am buying Euro, believing it will go up to at least 1.4900 over a couple of days. Let us see how this works out, as only time tells the truth, everything else is guess work!
CHF of course is mirror reflection of EURO most of the time