For weeks Shares magazine forex section  recommends to go against the flow and but the $. Each week their bottom line is buy the $ at 1.43 but the $ at 1.45 and so on. But the Euro had some other ideas and went all the way up to 1.51 but still shares magazine recommended against the Euro.

I don’t feel in a position that I need to catch the turning point. My idea is let it change and then jump on the new trend. But I do feel that something has been changed for the last 3 days.

Since Friday the Euro has lost a lot of ground to the green bucks and although the weekly chart is still positive the daily is already changed direction. Add to that a correction in the market and it seems that the direction is down for the Euro. It is too early to call but if the weekly chart will indicate that the trend has changed I am on!