Thread: Sell Eur/Usd
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Old 07-05-2008, 19:22   #6642
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Re: Sell Eur/Usd

I'm afraid it could reach even lower if the sharks go for the kill.
EURUSD closed bellow 08 pivot of 5402. Retail buddies are heavily long and a large scratch down for their stops is quite possible. Tight stops with TP 100 day MA.
Oil just below the top of long term and short term channels (~ 125) viewed on log scale. Oil could spike above but given the behavior of Goldman and others scaring the market with $200 oil and the bullishness of most analysts makes me view this market as bearish if the channel is hit in next few days.
If someone has tradestation and data some log charts would be highly appreciated.
Regards to all...
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