Vachus
Long

The infidel Euro crosses ...

FX:EURUSD   Euro / U.S. Dollar
167 0 0
Last week Euro             currency has renewed its victory as a heaven currency. The 1.34800 level held so many multiple attacks but its resilience was immune. However, keeping in mind that Euro             is trading now way to far from the 1.30 i suspect the rally will continue to any significant levels ...

The Euro's crosses provide a very clear image of a Strong Euro             - the currency is be sold against the majority of its pairs. While the signal currency is holding up at 8 months high, Eurjpy             might be turning from there! On the H1 /H4 there is a bearish setup ( A retrace) , EURCHF             is at a week low, EURAUD             4 months low & Gold             near a week high and struggling to maintain advancing...

To make it simple, the rally is caused by a weak dollar - but comes right behind in weakness the Euro             , as the markets don't trust them that much. ( Remember italy's Berlusconi attack on government & almost took it into limo).

Personal recommendation:
Sell the dollar against Euro            
buy The AUD, JPY against both EURO             & Dollar
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