TheForecaster
Short

SELL EURO USD

FX:EURUSD   Euro / U.S. Dollar
Just sold EURUSD             and the target is rather close. 1.2388 which is Asia LOW. But It looks like Europe will challenge it so went short FULL CAPACITY as after that there is a nice drop potential of 60 pips. The EUROUSD is ridicolously high from a MACRO perspective and my WEEKLY chart is heavilo short with a huge divergence building up on the RSI , this is without mentioning that on the monthly chart last week we hit the upper channel of the SECULAR Downtrend of EURO             since it shorted at 1.3950. I am posting the hourly chart wher ICHK is really short. Volatility will pick up at 10:30 AM as usual, just be careful with the lunch pullback when traders go eat and US traders come into the market...the latter loves to hit the daily stops of European traders (it s a game that has been ongoing since I started trading :-_)))). This signal is a DAY signal, but EURUSD             is short on charts from 1 Hour up to the Monthly so don t fight the trend and rather go with it, try not to take long positions, even if pullbacks may be interesting the risk on the downside is always too High when we are close to a TOP without mentioning that as a contrarian indicator the medium term market is heavily positioned long EURO             (record highs of long EURO             contracts hit this month)...So imagine the stops below. A lot of S..T to u all
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