LET'S PLAY IN THE FOREX..AND NOT GET LOST! Message Board

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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

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To: RockyBalboa who wrote (190)	7/14/2007 12:02:44 PM
From: Grandk	Read Replies (2) of 247

I am going solely on technicals here. I am looking for the USD to punch through the 80 level causing a blow of top of the AUD/USD and NZD/USD crosses. I am expecting the USD to return to 83-85 level over the short term. Bearish sentiment is high right now. In my experience with FOREX this is the time to eye ST longs in the USD. I have read predictions of EUR $3 which makes me think there is no fear out there right now for USD bears. I have not entered any trade and will wait until I see something more concrete FA wise validating the my TA reads before I make a move. I appreciate the caution in your reply though. One can never be too cautious with the FOREX.

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