Thursday, January 26, 2012

Eur/USD update

Euro/USD topped here in the short term. But, the currency pair formed a positive divergence with MACD in t the last few months. Buy the currency on a pullback, I believe we will see a powerful rally in the next few months. The rally may take Euro as far as 1.4.

Sell short if SPX goes below the trendline. The market is following the path as mentioned in the last few blogposts.

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