Whats up with Eur/Usd ??

[petefader]

well heres hoping that the high doesnt get touched and it drops like a led balloon... lol

if only it was that simple.

SO your short term bullish... long term bearish almost

Yes, this is the view of the big money right now:

They have NOT dumped most of their longs from the buying last 2 months. BUT they are becoming weary. They usually go out with a bang..meaning one final push to take profit and start shorting at the highest price they can. This will also trap people long. This is the most typical behavior you can expect..but of course anything can happen.

I cover this stuff in the VSA thread, I gave you link. This is understanding the market, before considering anything else..indicators etc.

[loudsight]

..and, to test the low again now seems a bit redundant. If this overall up trend is going to keep going and not correct yet..it better hurry up cause it's not convincing me.

I'm currently short

[Din77]

As the FED is flooding the market with fresh printed Dollars i am pretty sure that we will see 1.6.... within the next 9-12 month. Short therm outlook i dont have but actual we EURUSD is oversold, so there should be some nice opportunities for long positions.

[Buckscoder]

Not impossible, but not only the fed is pumping debt into the system. Plus wellfare and tax is of higher degree in Europe and there are some other issues. Could also go the other way around. Maybe after a decent jump to 1.44 or so. Would match my monthy trendline prefectly ...