Kumowizard

EURUSD - Some see it as a possible sell, I still wait

FX:EURUSD   Euro/U.S. Dollar
162 0 1
Don't get me wrong, I would not buy it here. Actually I understand the issue of EUR zone C/A, but fundamentally longer term EURUSD             should come somehow lower. But this trend is still up! Actually it is a very strong trend on the daily chart . I see as well it is somehow overbought, I see the wedge and that there might be a chance for a possible rounded top soon somewhere ard             1,40, but this is just not yet enough reason to go short! Until there's a clean sell setup, or lining up short signals, selling into it is purely a tophunting and against the trend. From now it worths to keep an eye on it. We need to see how px             action developes on the 4 Hrs             time fram during next week. I will give you updates on it as soon as I see stg             interesting to start thinking about.
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