Looking at the limited upside potential on GU has made me take a second look at EU. If we have hit the top (just shy of 1.40 >.<) then this is how it will play out over the next few months. the break of the 1x1 would be huge.
Comments
trigraphite
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Wow. You still believe the EURUSD is going back up for a second another taste of 1.38+
LevRidge
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no.. the thought was it would spike up (on that day), obviously it's just heading down to my lower projection without the spike.
Mennzz
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Agreed. Around 1.712 is a great area to short GU for the long-term, which makes me think about EU. It probably started the downtrend to the lower 1.20s already...