Hi Andy,so after this all the way down to 0.9000? :)
AndyM
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@Mairita, Hi! I think this should be the final swing high, and then, judging by GBPUSD and EURGBP, we should see an immense drop. The move to the upside is not finished yet, we can easily move another 100 pips higher today. Also good prospects for EURJPY and GBPJPY, after the correction is over, the decline should resume. I am watching Gold too, 1345 or nearby.. We should not overshoot 1357. If we reverse lower that that, then all the way down to 1060.
orocz
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@AndyM, it could be the best opportunity to short eurusd. Everyone is now bullish on that pair, usually the market trend ends when all the people are facing to the same direction. Andy thank you for your posting idea.
AndyM
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@orocz, shorting EUR is indeed good, but we need to wait when the uptrend is done. I like EURJPY or GBPJPY a bit more, because we already have the initial impulse to the downside. If today's correction fails to overshoot the prior high, then the downtrend is confirmed, so it will be a good short.
Mairita
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@AndyM, yea,I think too that at least eurjpy is done,it was very fast drop but climbing up is carrefull,looks like flag to me.Stupid stupid eur gold just fall down and be done.