Did you know the Dollar is at a cycle lowhttp://www.readtheticker.com/Pages/Blog1.aspx?65tf=434_2012-the-year-of-the-mighty-us-dollar-2011-12InvestorX
I don't use that stuff. Everyone is bullish on the Dollar for whatever reason, so at is a good enough reason to buy the Euro.If you are smart, you would be looking at buying the Euro in any further weakness or sell off. Otherwise you will be caught on the wrong side of the trade with consensus.
Tiho:The comments on your blog seem to be all anti Euro-the graph with the big short position against the Euro is right there for all to see and yet the conclusions to this information are amazing to me.If I were in your beautiful country, I would indeed put up a couple of cases of Fosters Beer on the Euro along with you but as it is I have a big position elsewhere in the markets that will benefit if the US Dollar tails off/declines.Keep 'em coming.
If everyone did what we want to do, that is buy the Euro and sell the awfully fundamental Dollar, than we would be the majority. So I think to myself, thank god for all the disbelief, we have a chance!
The Euro is in a Downtrend with vigor, ADX line Above 20 at 32.8 (above 25 signals vigor), +DI below -DI Trend Traders would be Negative with 21 EMA below 51 EMA below 200 EMAWhen Price is Trending up or down, Sentiment/Oscillators/Overbought/Oversold will not work, Trendlines and moving averages do, free beer!http://stockcharts.com/h-sc/ui?s=fxe&p=d&yr=1&mn=0&dy=0&id=p40784658517jim rogers has been talking his pish with the same load of twaddle & script for years nowInvestorX
we will see soon enough
Anonymous - shorting the Euro with "ADX vigor" will end in tears!