The Next Leg is Down!

Sorry for this late update, I have to catch and patch up something that needed my care attention.
The Euro is stronger today on the back of weak US data, except for core durable goods which printed better than expected. Euro took a noose dive, down almost 30 pips from 1.3655, but resiliently crawling back up again to hit 1.3665, only two pips shy away from the all time high of 1.3667. I like to quote my post at nogold.com, "It's a matter of time before euro retracing or correcting MASSIVELY. But we just dont know when is the exact precise time and at what price. But from my two cents, I think euro wants to test the all time high (?) 3667, as one last grasp before all big funds start unwinding their massive long positions. It's like a selling massacre then.."

Nilai euro naik untuk hari ini, disebabkan oleh data-data dari US yang lemah. Berita Durable Goods jam 8.30 tadi menyebabkan euro jatuh hampir 30 pips sebelum meneruskan kenaikannya sehingga mencecah 1.3665, hanya tinggal 2 pips untuk lepas cacatan tertingginya. Saya ambil petikan saya daripada nogold.com, "Semua tidak tahu bila dan tahap harga mana euro akan jatuh, tapi kesemua indikator menunjukkan signal bearish. Saya rasa euro mahu mencuba lagi 1.3667 sebagai peluang terakhir sebelum ia jatuh. Dana-dana besar yang selama ini sudah lama memegang posisi 'long' akan mula mengambil untung".

My Strategy = sell around 1.3680-90 depends on the momentum. buy around 1.3620, 1.3550-60.
MACD 1-H and 4-H all looks bearish, signalling us that the next leg is down!!

MACD 1-H and 4-H semuanya memberi signal jatuh. Jual pada 1.3680-90, beli pada 1.3620, 1.350-60.

Good Night, Sleep Tight, And Don't Let Your Bed's Bugs Bite!!!!