QUOTE(billytong @ Apr 28 2010, 03:53 PM)
for EUR/USD, the trend is always bear since the beginning of year 2010.
The only reason to long euro is for counter trend retracement, infact it is a far more safer to do it only right after a 150-200pips drop. Otherwise it is only short during regular time until the Europe fundamental change drastically. The euro has been ranging 200pips range every week. It is shifting its range from 1.32-1.34 to 1.31-1.33 now.
Good luck.
btw, tonight mid-night(or tomorrow) is FOMC rate decision. Please manage your risk. The peeps in FOMC can say anything to boost USD.
Guys, I've been reading abt todays FOMC news, it seems that its a warning of market volatility from all fx sites.The only reason to long euro is for counter trend retracement, infact it is a far more safer to do it only right after a 150-200pips drop. Otherwise it is only short during regular time until the Europe fundamental change drastically. The euro has been ranging 200pips range every week. It is shifting its range from 1.32-1.34 to 1.31-1.33 now.
Good luck.
btw, tonight mid-night(or tomorrow) is FOMC rate decision. Please manage your risk. The peeps in FOMC can say anything to boost USD.
What gives?
Apr 30 2010, 08:14 AM

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