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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Uh oh....dialing wrong numbers ... Merkel calls younger boyz for older ladies service and Sarkozy calls teen phillipinos for matured nasty boyz service...
if so it cannot get worse.
I agree with Cygnus re deflationary and deleveraging environment will eventually hit us, meanwhile only seems like inflation :-( Also agree with his EU higher timeframe count unless 1.5143 is taken out. Failing that the move down from the Nov 09 high to the June 2010 low was an orderly 5 wave impulsive series whereas the move back up from the low has looked very corrective with overlapping wave sequence. The implications of this as you know would be for lower prices below 1.1875 at some future point in time. Always open to being proved wrong but the trading parameters are there on the map.
I need not repeat my fundamental opinions on the eurozone. Nuf said on that over the months in this forum :-)
I can certainly understand you trimming back entries this week ! EU has been a scalpers game.
"..option-related selling capped euro after stops were taken out.."