Quote:
Originally Posted by james
Euro bulls are in denial, lol. This seems typical of large euro rallies when they end. They keep extending under divergent momentum pulling it down. Then one day, as a total suprise, it reverses 100+ pips and doesn't stop. The divergence now between the GBP and EUR against the dollar may also be a good signal of the chaos and irrational behavior that occurs at bottoms/tops of long trends.
Dollar bulls hang in there, we're almost there.
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I have watched and read your post with great interest. I believe you have an extremely good technical grasp of the market and while I do not dispute your assessment of the EUR/USD turnaround, I can't help but wonder if there is a point at which you would reconsider your position.
my question to you, is there is a point at which you would reconsider your position? And if so what would it be? Your thoughts are greatly appreciated.