Wednesday, October 27, 2010
Euro fixin' for a decline to test the neck line and some moving averages? Or maybe the 'Golden Cross' (of the MA's) hype will hold sway. I wouldn't hold my breath. The Diamond consolidation is neutral, but indicative of a move coming... up or down. MACD says down, then perhaps up later as the USD eventually seeks out its major downside target. Edit (7:56) Short euro as partial hedge toward precious metals long positions.