My picks: stay short EURUSD, against 1.33, long term target much lower
Expertise: Technical
Average Time Frame of Trades:
I still hold that the best trade over the next few months will be short the EURUSD. It is likely that a 3rd of a 3rd wave is down within the 5 wave decline from 1.60. The decline from 1.33 (on the hourly) is in 5 waves, which strongly suggests that the decline has resumed. Risk can be moved to 1.33 and short term resistance is at 1.3185.
