How to trade the EUR now

The last short signal on EURUSD was below 1.2930 now the attack to the neck line of 1.2770. If the month of May will close below this level, we will have a monthly bearish engulfing pattern.
 
I believe that, at this point, May 22nd will be a decisive date for EurUsd. On that date, Bernanke will speak on the state of the economy and the minutes of the Fed will be published.
 
Quote from contra:

Data hasn't been that good this week but the USD bulls are on parade.
More...
yes, this is what I was afraid of

that is why I switched the base currency for my spreads over to CAD

nice though for that one long position I have on in USD/CAD

otherwise, I'm losing my ass in short eur.cad

just something to keep in mind
 
Quote from contra:

Data hasn't been that good this week but the USD bulls are on parade.
More...

It won't last. Low inflation everywhere. USD will fall as everyone discovers that printing money is still a priority.
 
The need for the Fed to have lower gold prices (to buy it back and return it to Germany) makes a strengthening of the dollar inevitable.
 
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