timwest

FXE (EURUSD) EURO cover shorts, oversold at support

AMEX:FXE   CURRENCYSHARES EURO TRUST
479 2 2
See comments on the chart and view previous charts on FXE             that I have posted.
Essentially, the FXE             ( EURUSD             , Eurocurrency) is struggling to make new lows despite very negative news lately and concerns about liquidity in European banks. If this is as low as we can go on news that severe, then we have to assume that the bears are short and have no more ammo to shoot at this market. It's time for the bulls to take a stand and see what upside damage they can inflict on the bears. If you are courageous and brave, it is time to buy with very tight stops. If the FXE             goes under the 131.5 low, then I will re-view my position. Cheers. Technical Tim. Friday, Dec 9, 11:21AM EST
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
This was really impressive:
FXE _ SHORT SALE


Will see what will happen now. Based on the fundamental factors i see no reasons for bullish trend.
Reply
timwest PRO charttrader
4 years ago
Thanks - I appreciate that you remembered and that you replied. I hope you had a great 2011.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out