BRUTAL Tricky EURUSD -- Buy or Sell Relief rally if possible
The Dam just broke , The EURUSD Bears finally nailed the coffin containing the EURUSD bulls and sent it packing . The Question now is whether the US Dollar index continues the climb or it buckles , its now at 96.01
The EURUSD just dropped 80 pips in 10 mins. There is going to be a lot of pain on the EM currencies on friday . it is a little stretched on the 3-hour or 4-hour or Daily charts so buy a tight relief rally or wait and sell a relief rally -- its your choice .
The Drop was extremely sharp and i don't think that can be sustained. The MAJOR trend is Bearish
BUY at 1.1430 to 1.1443 and exit at 1.1470
SELL in the range 1.1470 -- 1.1508 and exit at anywhere below 1.1443
The EURUSD just dropped 80 pips in 10 mins. There is going to be a lot of pain on the EM currencies on friday . it is a little stretched on the 3-hour or 4-hour or Daily charts so buy a tight relief rally or wait and sell a relief rally -- its your choice .
The Drop was extremely sharp and i don't think that can be sustained. The MAJOR trend is Bearish
BUY at 1.1430 to 1.1443 and exit at 1.1470
SELL in the range 1.1470 -- 1.1508 and exit at anywhere below 1.1443
Comment:
The Largest 4-Hour drop of EURUSD without any major Economic news in the last 2 months . That's nice
Comment:
The CARNAGE for the EURO Bulls continue . If you were caught drinking with EURO Bulls , i am sorry it has been brutal . But if you were dancing with the EURO Bears then you are currently feeling very good