Re: Giving the long dollar trade another try
I do think the Euro is ready for a break and the dollar is looking for some good news to give it a temporary rally, but I'm just unsure when. I think we need to start looking for this move, but not exactly try to catch the top of the EURUSD. We need to let the EURUSD make its move and then get in at a favorable LONG on the EURUSD until the trend changes. If you look at the Daily/Weekly/Monthly charts of the EURUSD, it is quite extended to the upside. It's almost inevitable that this strong rally in the EURO needs to come to a halt for the time being.
Anyone agree/disagree?
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