Euro v Dollar? Would You Go Long?

Euro v Dollar? Would You Go Long?

July 7, 2009

The Euro versus the Dollar is an interesting situation, meeting resistance around the 1.41 level. But what position are you taking?

Adam Hewison, in this argues in favour of going long on the euro and demonstrates why in this short video.

The monthly (long term position) and the daily (trend) Trade Triangles are positive whereas the daily triangle (used for timing) is in conflict. In such a situation it is advisable to remain neutral in the market. Overall, we notice a “Double Bottom” and classic pivot point and we are looking to break the 1.45 mark.

Please, if you are risk adverse then this may not be for you but otherwise I recommend you take a look at this short video right now.

My regular readers will know that the video is free to watch and there is no need to register

Let’s hear from you on the blog!

All the best,
Good Trading,

Tom Nadir.