Re: Back to the well once more...long dollar
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Might as well give this trade another run. EUR/USD looks to have formed a double top here. 5 lots from 1.4670.
Looking for the Yen to run tomorrow with US Equities falling hard.
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if anything brings down the eur/usd it will be some political intervention, not a double top.
there may be some retracements but i think you're crazy to go long the dollar versus anything. You should rather sit on the sidelines if you think there is a chance of a serious retracement, IMO, and wait to buy EUR/USD cheap if that happens.
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