EUR/USD reached a new high of 1.2922 – just 8 pips higher than yesterday’s high. Big deal.
What’s more interesting is that on the 4-hour chart I noticed the so-called bearish engulfing pattern, but 4-hour charts are time-zone dependent as you know so I am not sure if you’re seeing that and most importantly if the Big Shots in London and NY are seeing that (surely not!).
Anyway, EUR/USD is pretty much set for a beautiful heavy drop especially if today’s candle ends as a bearish one. (Disclosure: I’m holding a short position, you know. 
) I’d love to see something like last Wednesday’s drop. Could the samurai help later tonight and give this forex pair a nice push down the slope?
Here’s the 4-hourly chart:
Hey JFF: about time I find someone that agrees with my analysis
I agree with you and believe the EUR/USD will crash soon. It’s a risky bet, but the charts are telling us the way.
Cheers,
John
Hey John,
Not only do we hold the same view, but I guess you have put your money where your mouth is and are holding a short position.
Last night the forex samurai of Asia have helped us a little.
Have a good day,
JPYFF