Sunday, April 7, 2013

The Euro will show the way

The structure in the EURO options signal some upcoming Volatility.
 The TREND model ist still holding the SELL signal ....
....and the Pattern feels like an evolving Head & Shoulders pattern.

Whe you seen 3 big figure moves in the EUROUSD in 24h than you know that some short covering has occurred. Now with this out of the way we should observe the true direction of Mr. Market.
Bear n mind that a strong Dollar also means a weaker Asset Market which jives with our Trading Model that  turned bearish a week a ago.

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