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Wednesday, April 7, 2010

Euro Short and Pound Short Analysis


Here is a chart of the pound/usd, it is in an uptrend based on my indicators.

Eur/USD just went in to downtrend on daily again on my indicators.

Euro is clearly weaker than pound but I would like to see the US dollar atleast stronger than the pound to know I am gonna get some nice momentum on this trade.

I am waiting for weakness on the pound to short Euro. I dont need a downtrend on my indicators on the pound just a rollover on the price chart. The Euro is already downtrending on the daily again as of today.
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