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Old 11-14-2007, 04:56 PM
Zygote Zygote is offline
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Join Date: Jan 2005
Posts: 2,051
Default 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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