not much changed

Posted by Cire2222 on Jun 4, 2008

Past couple days I have been talking about Dollar strength. The two places I wanted to be were EUR/USD and USD/JPY, these trades have been working out well. In the charts below you can see the EUR just getting no love the past few days and the USD/JPY  moving up and looks like it may be breaking out of the classic ‘W’ formation.   I would recommend taking some profits off the table here but No reason to take the whole position off, both these trades should continue the move.

EUR/USD

USD/JPY