How to trade the EUR now

[elisab]

If you bet on a fall of EurUsd, here are other two markets in which to go short.

 

[Tsing Tao]

Quote from Tsing Tao:

Let's try this again. Short at 1.3301, same size.

Position closed at 1.2835.

150,000 units from 1.3301 = $6,990

minus

150,000 units from prev position of 1.3158 stopped out at 1.3205 ($705).

Total play netted $6,285.

 

[elisab]

I would not trade at least until the eve of the two-days of central banks FOMC July 31st – ECB August 1st.

 

[elisab]

Daily and hourly oscillators towards the overbought. Try the short on EurUsd close to 1.34.

 

[Tsing Tao]

Will short now, 150,000 units. 1.3361. Stop above 1.3430. Looking for return to the 1.3150 region.

 

[contra]

looks like its trending up, see no reversal yet

 

[Tsing Tao]

Yes, it could certainly continue. But it's a mature uptrend (for EUR), with overbought indicators and tough resistance at the 1.3415 region. That's why we put stops in

 

[contra]

Quote from Tsing Tao:

Yes, it could certainly continue. But it's a mature uptrend (for EUR), with overbought indicators and tough resistance at the 1.3415 region. That's why we put stops in

at least you have a stop

Indicators are not overbought to me, we may dip here but 3150? This may be a decent breakout that just started.

good luck.

 

[Tsing Tao]

Quote from Tsing Tao:

Will short now, 150,000 units. 1.3361. Stop above 1.3430. Looking for return to the 1.3150 region.

This is still in play.

 

[contra]

a lot of faith above those weekly highs... you took no profits at all?