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SSI Still Pointing To EURUSD Upside Despite Volatility
The extreme in speculative retail positioning seen last week was quickly dampened by fleeting liquidity and a steadfast range. Looking back to last Thursday, the EURUSD Speculative Sentiment Index showed the most extreme short bias in positioning since November of 2006 as traders built up positions before a heavy mix of event risk. Not only was the perennial, top market-moving non-farm payrolls release due, but an ECB rate decision was expected to end with quarter-point hike.
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primarylogic, i sell EU at 1.5864, but seems it will go up further!
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Will The Dollar Buckle?
Forget microeconomics. The currency market these days is trading almost exclusively on two macro themes. One - are Fannie and Freddie about to cause a systemic collapse of the US financial system? Two – is Iran really trying to provoke a military response from Israel? If the answer to either one of those questions is yes, the dollar may buckle under pressure.
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PrimaryLogic, I already made it, and earned some big profits, I sell EU at 1.5965, and stoped profits at 1.5865
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i am selling it again today, and earned 50 pips
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hope you already closed it, EU is going down now
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