System Caught A Good Buy Signal

Got a buy in the Eur/Usd early this morning on the hourly chart. The trade has roughly a 200 pip profit and it's still open. Check out this chart:Not too bad. The Euro is showing incredible strength right now, we'll see if it continues or if it quickly reverses like it has after the last several Euro rallies. It all seems to come down to risk appetite and the equities markets. Everyone's jumping into stocks and chasing the great returns that equities have been offering over the last couple of months. We'll see amazing strength in the Euro if the move in stocks continues. On the other hand, we'll likely see the Dollar bounce back (flight to safety) if the equities markets start tanking...which could be ugly given all the longs and their current optimism.

Have a great weekend.

TLT