So I decided to sell Euro against dollar, at 1.5905 when technical conditions look also supportive.
July 14, 2008
Taking position on German ZEW survey
EURUSD may pass 1.6000 this week but I think it is unlikely to happen tomorrow when German ZEW is expected to reflect how inflation and appreciation of Euro has shacked confidence. At the same time, US Advanced Retail Sales are due to release on Tuesday which may be a little encouraging in current conditions.
So I decided to sell Euro against dollar, at 1.5905 when technical conditions look also supportive.
So I decided to sell Euro against dollar, at 1.5905 when technical conditions look also supportive.
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A completely wrong bet, both in analysis and pair selection. (details had been presented on the next day)
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