Hoosier's note: EUR/USD closed at around 1.375 at the end of the session yesterday. I believe a Top at 1.39 is in place.
Last night, I had to hedge and un-hedge, to take profit, and hedge again...and then, I went to sleep. I have developed a strategy to play the fx market and while it is still a work-in-progress, but, at the very least, I know that I will NEVER be killed in the fx market.
I remain bearish on EUR/USD and I believe it will test 1.28.
How do I know it will test 1.28? Well, it's a gut feel...my knowledge and experience has allowed me to develop that gut-feel or sixth sense.
Yesterday's session was marked by low volume because of the holidays (Christmas and New Year). And, many thought the Fx Market CANNOT be manipulated but I beg to differ...the Fx Market is the MOST MANIPULATED market (and the EASIEST to be manipulated)...and the Market Operators are the Central Banks (BIS in particular).
BIS (Bank of International Settlement) is the Central Bank of Central Banks!!!
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