Trading the Trend with Strong Weak Analysis

Today’s SW ranking is going to show EUR/AUD short as the likeliest trade – but, I would approach this trade very cautiously (if at all), for the following reasons:

  • the EUR is rated weak only because nothing else is weaker at this time

  • the EUR has been strengthening since May 29

  • the AUD and the EUR appear to be gaining strength about equally

Here’s a picture:

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