Wave trading: stock market strategies

November 15, 2005

New low for euro.

Filed under: — mehanizator @ 00:55

Again, for the third time in a row, eur/usd sets new low. Usually, third time is the last time, but still it’s too risky trying to catch for reverse, so I’d advice to keep short position, if you’ve got one, and stay away from longs. If you’re out of position currently, you may try to open short on some higher level like 1.1750.

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