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Posts by "koka"
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2 Posts by Anonymous "koka":
I have not traded for couple of months and my hands are itching to short the eur, but I think it is too early. If you look at the eur/usd downtrend that has started in the beginning of December, it had two rallies, first one - 380pips - 14 days and the second one 360 - 17 days pips. Now we are in a third one which may be longer and higher. And after that aid to greece should need some news to trigger a fresh down move.
Another thing is that the short positions should cool a little to get ready for a new move.
And the last one is a huge divergence of MACD and price, which should play itself out, as its effect has just started.
So I would say the good opportunity to short eur/usd is 1.3620-30, some 360 pips higher than recent low, 1.3266. And good time should be somewhere in the middle of April.
What do you think?