About 6 weeks ago, I pointed out that the EUR/USD looked prime for a sharp counter-trend rally. We have indeed seen a nearly 1200 pip rally! So far it seems like the market is trying as hard as it can to follow my projections, but of course that will end at some point. Either way, now that we’re at resistance, it wouldn’t surprise me to see the EUR/USD drop, and possibly continue the long-term downtrend.
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3 comments:
did you really close out your gold shorts and now are 100 percent long? Or were you being sarcastic?
sarcastic :)
when will you cover your gold shorts?
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