Kaustuv
Short

EURUSD long term downtrend

FX:EURUSD   Euro Fx/U.S. Dollar
35 0 1
Since 2008, the EURUSD             do pair has been in a downward channel .Current movements seem to allow for some correction of EURUSD             , however the long term trend of the EURUSD             goes only one way-down. Even if all hell breaks loose, the EURUSD             should not break the downward trend line and would at most reach 1.17-1.20 levels before falling, in years, to around 1.Another possibility is a free fall of EURUSD             below current downward channel , if something especially drastic takes place, such as an unraveling of derivatives market which may be caused if Greece defaults. What is key, however, is selecting an efficient point to enter a short. A probable opportunity would be a slowdown of current correction, and a corresponding increase in bollinger band width. What confirms the fact that any uptrend is merely a correction is this- bollinger band width increases during down moves, but reduces during up moves...
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