Below you will find pages that utilize the taxonomy term “EURUSD”
Blow chunks, suck donkey dick, or whatever metaphor you want to use if it breaks through and closes below $1.35. Could it be temporary? I don't know but the daily chart (not shown in this post) already shows the 50 DMA below the 200 DMA and gaining traction.
The weekly chart has the 50 WMA awfully close to the 200 WMA and getting closer.
While its visually stunning and has some technical merit, I won't be using the Ichimuko charting indicator to trade off of going forward from here. I probably don't know enough about it to fully use it and will resume my breakout strategy. After three strikes, err stop outs, its out for now!
Heres yesterday's currency trading scorecard:
GBPUSD: -80 Pips EURUSD: - 100 pips
I was reading Christian's blog yesterday when he gave the Euro a target of $1.76. Wow, that would be like Financial Armageddon for the USD! You don't need a neural net to tell you that the trend for the Euro is UP and I'm waiting for a pullback to go long. My short term target is $1.60 and it looks like I'll be able to get long around $1.565 if this retracement keeps going this morning!