Sold a new batch of the EUR/USD on Sunday--when it opened up below the lower Bollinger Band. I was so sure it was going to go down, but it rallied up to the 1.3050 level before coming back down below 1.3000, where it clearly belongs. I was too afraid to see how much in the hole I was, but finally got the nerve to look this afternoon. I'm $2,000 in the hole on this particular trade, but I feel confident it will continue heading down.
The expert analysts at DailyFX.com said this rebound was a good time to enter into a strong sell position.
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