Been Thinking about shorting EUR/USD--Opinion?

T

trader_eight

What you guys think? Do you think the Eur has been topped out Against the Dollar? or should I wait for more evidences that the U.S economic is going into a recession?

Any suggestions would be greatly appreciated.
 
I saw a chart showing the EU topping out vs the USD. We might get one more bottom of the USD, but for the short term, I would bet on euro/usd down
 
I think the dollar's NEAR a bottom, but not there yet. If you just want to swing trade it, follow the charts, but if you are position trading it, I'd wait until after the upcoming Fed meeting at the end of the month. Talk of 50 bp cut to try and stave off recession.
 
What I hear is that folks are pissed off at the Fed for their loose money policy...resulting in the current liquidity bubble, and are trying to play it conservative. Last time everyone was expecting a 50 bp but only got 25. Again, anything can happen.
 
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