TradeSmarter
Short

EURUSD Short Again

FX:EURUSD   Euro Fx/U.S. Dollar
89 2 2
I had a real nice run with two short positions that didn't make it to their target and I pulled out of the trade before it started to go bad. Anyhow, I am shorting again. Let's see How round two does.
Vonluke, after reviewing the USD and EUR index my thoughts are that the USD will go up after a slight more dipping and that the EUR index seems to me to indicate that it is about to fall. With these two things happening simultaneously, I'm thinking that it is does get to 37.394 that will just be a test of resistance and that the likelihood that the pair going all the way down to my target will just increase. However, apart from the index data I would be more inclined to go with your idea since the pair is above the upper channel line.
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hmm.. at this point I will wait. If I can suggest something... if euro breaks level 37.394 and close above this level (240 min) than go long and Tp on level 1.39374 - SL 35.455. Second option - if the eur go down from now on and close (240 min) below level 1.35607 than go short and TP 1.34483 - SL 1.36434. This is my idea. What do you think?
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