[forexfilms]

If you want to hold onto something long term and not use much leverage it might be even better to hold US stocks short.

[SIUYA]

Chinese yuan priced in gold!

[forexfilms]

After Greek vote it was obvious EUR/USD was going lower but I think it has a lot lower to go than most people. I think we will drop to 1.4290 at the least but more likely closer to 1.4200 area. This view takes the entire move up as one Elliott Wave. My latest video discusses my views on EUR/USD post Greek vote of confidence. Also includes links to article on QE3.
Forex Market Outlook Video

[Lucid]

The EURO is still not in good shape it is very risk to take a long positions on the EURO right now. It could climb a bit but the fundamentals do not support the EURO. There are some big funds getting ready to push the EURO back down. I am hoping they start within the next couple of weeks, but they could wait until vacation time is over.

[forexfilms]

You are correct Lucid but fundamentals have been bad for the entire uptrend. The EUR/USD is trading on technicals right now. I'm short term and long term bearish the EUR/USD but medium term bullish. I could of course be wrong but I believe that the current highest probability wave count points this direction

[forexfilms]

I believe the US Dollar has made a major turning point today. Rather than moving directly to 1.5500 from here the EUR/USD is likely to correct further down the medium term support at the parallel channel. This puts the climb to 1.5500 on hold but does not negate it.