With the recent announcements from FOMC members this week along with technicals, I can look for a short position entry soon. Let's start with the fundamentals. The Recent Non-Farm unemployment releases pointed towards a stronger economy for the United States, but that was a minor blip in the overall health of the currency. As a country, there are still plenty of improvements to be made in the future. The fed has also agreed to help with the small banks and loans, I know that anytime the fed gives a country money, it is a sign that the country is not doing that well and needs assistance. The technicals point towards a key level resistance with plenty of downside potential back into its 600 pip range. This would be a very risk-averse market for anyone seeking shorts for the intermediate to long term. We will see how this plays out in the upcoming weeks winding down to the end of the year.
