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why? what is the problem?? GU has down more than 1000 pips
When EU drop down from 1.6 to 1.5, it's 500pips, i thought it too more of down, so I long EU at 1.5, but it still down continue.
so, it's the better that we cant against the trend.
When EU drop down from 1.6 to 1.5, it's 1000pips, i thought it too more of down, so I long EU at 1.5, but it still down continue.
so, it's the better that we cant against the trend.
The US dollar rally triggered over a week ago by ECB President Trichet has been relentless, and as of Friday’s NY close, the dollar index had appreciated to seven-month highs. However, given the extent of the move, forex positioning as measured by FXCM SSI shows that traders are growing less bearish on the currency. Since SSI is a contrarian indicator, the shift suggests that the US dollar could be in for losses soon.
When EU drop down from 1.6 to 1.5, it's 500pips, i thought it too more of down, so I long EU at 1.5, but it still down continue.
so, it's the better that we cant against the trend.
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