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Well the main question that I ask myself is - Did we see the end of the eur bull trend?
Yesterday the pair almost hit 1.39 level, before a sharp retracement which send price to 61.8 fibo level of the day movement.
The price perfectly touch the trend line drawn trough 2008 and 2011 highs, but the fact that it happened in so iliquid market disturb me.
I expect another test of 1.39 level - in the begining of January where the short position must be build.
A break above 1.39-1.40 could confirm that short EUR is a really widow-maker trade.
have a great weekend.
Yesterday the pair almost hit 1.39 level, before a sharp retracement which send price to 61.8 fibo level of the day movement.
The price perfectly touch the trend line drawn trough 2008 and 2011 highs, but the fact that it happened in so iliquid market disturb me.
I expect another test of 1.39 level - in the begining of January where the short position must be build.
A break above 1.39-1.40 could confirm that short EUR is a really widow-maker trade.
have a great weekend.
