The EUR/USD may have topped out while USD/CAD keeps on marching to the moon
Forexmentor.com Forex Trading Price Action
Methinks we may have topped out on the euro. Let’s play follow the Big Dogs, not Greenspan. His recent comments that the greenback would be weak for the next couple of years fuelled the euro enthusiasts, but little did they know that the Big Dogs are extremely short the euro, long the dollar. I guess Greenspan isn’t a Big Dog. Beach time for him. Anyway, a resistance (a.k.a. supply or distribution) line kicked in on the weekly chart, and negative divergence on MACD to price appeared on the 1 hour and 15 minute charts prior to today’s open. Watch out below! In the meantime, the Canadian dollar keeps on marching to the moon to the tune of sweet music. Who could have guessed, huh folks? Enjoying the ride, I hope?
Today’s chart with sample AM Reviews can be viewed at this link: http://www.forexmentor.com/campaign/dec1306.html
Methinks we may have topped out on the euro. Let’s play follow the Big Dogs, not Greenspan. His recent comments that the greenback would be weak for the next couple of years fuelled the euro enthusiasts, but little did they know that the Big Dogs are extremely short the euro, long the dollar. I guess Greenspan isn’t a Big Dog. Beach time for him. Anyway, a resistance (a.k.a. supply or distribution) line kicked in on the weekly chart, and negative divergence on MACD to price appeared on the 1 hour and 15 minute charts prior to today’s open. Watch out below! In the meantime, the Canadian dollar keeps on marching to the moon to the tune of sweet music. Who could have guessed, huh folks? Enjoying the ride, I hope?
Today’s chart with sample AM Reviews can be viewed at this link: http://www.forexmentor.com/campaign/dec1306.html
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