EUR

CAT...

whether astrology, horoscope, or coin flipping.... as long as it works...
anything would have a much higher success rate than your calls... so who's the clown now? :)

Morning all, hope life is treating you well. I'm 30 today, looking forward to a good decade of learning more about my currency trading hobby.
So the Portugal problems have arose as expected, and a bailout now looks more a question of when than if. Meanwhile Merkel's hands are tied until German elections, as opposition grows to periphery bailouts, so this could be very bad timing to need a bailout.
In both Greece and Ireland, the run up to bailout was accompanied by big falls in the Euro. But are markets now more content with the bailout process having gone through it twice, and will Trichet's indications of a rate hike keep them on the Euro's side?
Yet no crisis is exactly the same, and without an elected government in power, the bailout of Portugal could be very complicated if they do not have a mandate to organise an IMF/EU bailout.
Meanwhile, opposition is growing to the FED's money printing policies, with one member calling it unacceptable. Markets still expect the Bernanke put to come in whenever they trend down, but what if this cycle is broken? Equities will fall and the dollar will rise.
I'm getting the sense now that the euro has had its rally, and will start downtrending from here into the summer.

Thanks subway90 for updates, very helpful.

Closing euro shtz from 1.4156 @4106
holdin usd/chf shts from 9045

resume euro sh below 4040..long abv 4136