Only enter trade on an hourly close above 0.736
watch for big weekly gaps that need to be closed before entering. Fundamentally the euro is bearish and the Aussie is neutral making this trade fundamentally sound as well
My final confirmation is a daily close below 130.4. Then I wil go short. Fundementally the euro is slightly more bearish than the Yen and if risk aversion kicks in we may see some real follow through
S&P still looks bullish to me, what do you think?