Monday, September 19, 2011

FXE Update

This is why I closed 1/3 of the short positions and why I think we may see brief strength and an opportunity to get short again on that strength.

FXE is the ETF for the Euro

 1 min is positive

 2 min is leading positive

 5 min is leading positive

15 min is showing a top still and only in line-this is the most important chart for the bigger picture and it is negative

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