Ape
Short

Euro; Years Away from Becoming Bullish

FX:EURUSD   Euro Fx/U.S. Dollar
For about a year now, give or take, the dollar has been on a historic bull run. As a result the Euro             has received devastating hits that will take years for it to recuperate. There are no signs of this down trend reversing anytime soon. Sure we will see bounces from time to time, but any hopes of a serious bull run is just out of the question.

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legend
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florin.raucescu
2 years ago
I think one could have said the same as you when the previous 2 bottoms in 2010 and 2012 were forming... Right?
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Ape florin.raucescu
2 years ago
I could very well be wrong. Except here I have 6 years of support and resistance trends being demolished. So right now i believe there is a higher chance of a downtrend continuation then a sudden reversal
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BWilliam
2 years ago
Euro is toast!! It's just a matter of time. This is the easiest trade ever, short any rallies, but wait for confirmation of the next down move before pulling the trigger. Real simple, who wants to own it? A business is going to convert a purchase in Europe to Euros from falling Dollar?? Safe Swiss? Yen?
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klepkowski
2 years ago
I have been reading your posts, you are always hit a nail in the head. I really liked the on about SPY 2014 money maker, very simple visually and to the point.
Thanks.
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Ape klepkowski
2 years ago
Thank you for your support!
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Farbenspiel
2 years ago
You could be wrong :).

EURUSD short, then long
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Ape Farbenspiel
2 years ago
Of course I could, 1.154 would be the first of many resistance levels to be taken out to prove me wrong though :)
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Ape
2 years ago
Let me clarify my stance: EURUSD will not breach 1.25 before the year 2017
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jangseohee
2 years ago
EURUSD, i could get as low as 1.03xxx
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