vipdent

EUR/USD short ( based on fundamentals)

Short
FX:EURUSD   Euro / U.S. Dollar
I expect the weak dollar to continue. There will be some consolidation but the longer the delay the bigger the drop. I opened a short position with a very tight SL. As always nobody knows what will happen and it is the strategy that makes you money and not the prediction ( up or down).

Comments

correct me if im wrong but shouldn't you be buying EUR/USD if you expect the USD to continue to weaken?
Reply
vipdent FazalWahab
@FazalWahab, YOU ARE ABSOLUTELY RIGHT.
if you see what happened in the chart, you will understand.
The dollar was weak. It got worse. EUR/USD went up - as expected for a weak dollar. I don't know what to say
:-)
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