More Confirmation

If you recall yesterday's late day post on the Euro/$USD, then you'll remember that they both confirmed each other and the very short term charts were bullish the Euro, the trend that is quickly developing and should be the next real trend (bigger than this latest move up) was very negative the Euro and bullish the $USD.

Well now we have GS adding more confirmation because the last several times they have said go long or short, the market did what they said for about a day (about in line with the short term charts posted) and then the trade went completely against Goldman's rec'd.

GS trades against their own clients so when they start offering free advice like their call today to go long the Euro, that usually means they are selling the Euro, which fits with the larger trend in the currencies posted yesterday as well as all of the market charts and others posted today.