EUR/USD, Discerning the Descent

By: Bradley C. Smith


The dive the Dollar took the Euro along for the ride on, is unlikely to end. The bit of witchcraft that I choose today in assessing the USD's assent is the strong trend. There will be jumps on shorter timeframes but moves as powerful as the ones seen in the last three days do not end in one day, especially when there is no heavy news bombing this pair today.

The three hour chart is clear in it's direction, as a result, we see big money's intention. I do not have enough money to move any pair even a pipette, so I try to follow the trend or powerful news items. Like knowing how to move with the patterns of the ocean waves. Know when your ship will hit a strong current (news item) and when you are in a current know where it is going (trade the trend).


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