Showing posts with label Trading observations. Show all posts
Showing posts with label Trading observations. Show all posts

Wednesday, May 19, 2010

Crude Oil is leading the crash - Gold is Lagging

EUR/USD - Awfully Bearish Sentiment



The Euro enjoys an awfully bearish sentiment and got a steep and overextended selloff in the late NY session today.

I'm buying the bottom here for a short-term bounce as I'm tempted to explore the contrarian psychological approach to buy when the sentiments is calling for the ultimate demise on the Euro.