Hi fellow FPA members
As we face each daily trading day, it would be nice to have personal opinions from fellow FPA members on probable daily market directions.
Please post your opinion on any probable trades that you think would make a fairly to excellent trade. BUT, of course, these are not specified trades and members are free to take or not to take these trade(s).
For starters, I think the EUR/USD has been max out for bears....and even if it makes more crazy attempts to make the 1.4 levels, it will be hard pressed to succeed due to figures, particularly in Germany, coming out below expectation .
Any better than expected figures coming out of the US today & tomorrow will shoot down the EUR/USD faster than a spitfire.
So, yes, I am bearish on EUR/USD from the 1.376 and above levels for today and possibly for tomorrow too.