Everyone is in debate about whether EURUSD is going to go up or fall. Many think it will fail, while contrarians such as myself, feel the shorts may get trapped. Only time will tell. The US Markets are in a slump and the government shut down is making the dollar loose a lot of steam.
EURUSD may take a nose dive, but we are all on the sidelines waiting for confirmation. Patience is always key in these situations. Technically, EURUSD should rise before falling. Fundamentally, it should fall like superman without his cape.
-StampsFX Follow me and catch me in the chat room.
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