Friday, April 3, 2009

More EUR/USD

There are definitely charts (and analysts) that show both breakdowns and breakouts for the EURO/USD next week. You guys know what I thought of Trichet's performance yesterday, and I don't think this thing has anywhere to go but down, based strictly on fundamental stuff.

I just shorted another 1/2 lot right below the trendline. Now, we may get some tests of yesterday's highs...but right now, it is overbought:


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