
Last week I wrote of a possible short entry for EUR/USD pair based on recent trading levels. It appears that the USD may weaken across the board and that is making the short non-existent. The forex market is full of surprises and this one was a surprise. I don't normally trade the EUR/USD pair since like the USD/JPY the movements can take a long time to be realized. I do however use this pair as a gauge for the market overall.
Anyhow the short was not there an turns out the trade should have been long. I did not enter a trade but if you did I hope you went long. With these changes brought to lite I am prepared to go long against the USD as I think a reversal may be building in the recent USD strength.
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