I would like to short the EUR/USD pair in hopes of a movement to the downside on this current market rally. Fundamentally the Euro is still out of shape because of the current economic situation and the major debt problems they still have to deal with. Along with that the ECB are always focusing on the wrong issue at the wrong time. They focus on buying bonds to stabilize markets instead of forcing the countries within the Euro Zone to cut spending and debts. What the countries need is cheap debt and spending cutbacks. From more of a technical/market perspective the Euro has come up on short covering. Afterwords we have the trend traders and more European news that could drive Euro prices. If you look at the chart below you can see the euro is starting to stall and is begging to go down. I would be careful with this trade and keep it small. I am planning to hold this only for a few days, If the trade does go the correct direction I will hold it longer.
Wednesday, September 19, 2012
EUR/USD
Short EUR/USD pair
I would like to short the EUR/USD pair in hopes of a movement to the downside on this current market rally. Fundamentally the Euro is still out of shape because of the current economic situation and the major debt problems they still have to deal with. Along with that the ECB are always focusing on the wrong issue at the wrong time. They focus on buying bonds to stabilize markets instead of forcing the countries within the Euro Zone to cut spending and debts. What the countries need is cheap debt and spending cutbacks. From more of a technical/market perspective the Euro has come up on short covering. Afterwords we have the trend traders and more European news that could drive Euro prices. If you look at the chart below you can see the euro is starting to stall and is begging to go down. I would be careful with this trade and keep it small. I am planning to hold this only for a few days, If the trade does go the correct direction I will hold it longer.
I would like to short the EUR/USD pair in hopes of a movement to the downside on this current market rally. Fundamentally the Euro is still out of shape because of the current economic situation and the major debt problems they still have to deal with. Along with that the ECB are always focusing on the wrong issue at the wrong time. They focus on buying bonds to stabilize markets instead of forcing the countries within the Euro Zone to cut spending and debts. What the countries need is cheap debt and spending cutbacks. From more of a technical/market perspective the Euro has come up on short covering. Afterwords we have the trend traders and more European news that could drive Euro prices. If you look at the chart below you can see the euro is starting to stall and is begging to go down. I would be careful with this trade and keep it small. I am planning to hold this only for a few days, If the trade does go the correct direction I will hold it longer.
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