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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 1, 2010 11:14
EUR/GBP now certainly looks more interesting as target for short above 91 level, especially as today's EURO data (unemployment, PMI, etc) came in better than expected on top of expectation of some support on Greece (smile smile), while UK's PMI data came in weaker to add to the overall problems.

Will it aim for around 0.9165 region, which happens to coincide with 1) upper bollinger band on the weekly chart plus 2) 23.6% on f-retracement between June 09 low and Oct 09, 3) plus the Nov 09 high. Does it have legs to breach this? If it does, would it aim for the Oct 09 high?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Mar 1, 2010 10:40
@Peggy: This is why I have given up trading EUR/GBP, at least for the moment.
Had a small old underwater long position that I closed today for a 5 pip loss, only to see it climb another 35 pips or so :-) [I thought it was just about to turn round and head south, to I took my opportunity). Still, it was worth the actual plus potential pip loss to get shot of it, to be honest.
tarekalex
alex, Egypt
Posts: 14
14 years ago
Mar 1, 2010 9:33
ashraf ,
you think the eur/jpy finished down trend
thank for your answer
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 1, 2010 3:14
Gosh darnit, just when I think about shorting eurgbp the Gold-crew mucks it up for me. If I go long, they'll pull the rug from underneath it and just when I short they'll push it another 100 pips higher. I give up!
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 2:42
What is propping EURGBP up are the fools fleeing GBP run into EUR. When the rest of the PIGS hit euro, the fools will then sell EURGBP, estroying euro, while propping GBP.
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 1, 2010 1:34
WTF? EURGBP gaps higher and stays near 0.9000. What is propping this POS up. Just when you think it's getting toppy it goes higher. This market is so rigged!
montmorency
Abingdon, UK
Posts: 610
14 years ago
Mar 1, 2010 0:25
I agree with @Pippedoff. I plan to continue selling into any major rallies.


I'm impressed by EUR/GBP! (but in the current climate I would _not_ attempt to predict further moves; if you twisted my arm I'd say get ready to short it, but I won't be doing).
said
mulhouse, France
Posts: 2822
14 years ago
Feb 28, 2010 18:48
ashraf

this projection for european session looks plausible?
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 28, 2010 18:18
@Pip why go long something which is in such a severe downtrend. Greece is only the first. What happens when the truth regarding Italy, Spain, Portugal, etc comes "public". If GOLD9man) had a hand in falsifying and hiding the truth through making billions in commissions on swaps in Greece, you bet your hinnie that they were also doing the same throughout the remainder of euroland.

Rally? It's already rallied 200 pips off it's lows two trading days ago.
Pipster
birmingham, UK
Posts: 111
14 years ago
Feb 28, 2010 17:16
I am inclined to go long the Euro/Usd as a bounce is due. At least to the 1.3800 area. Then hopef will short it again in line with the Hot Chart . Guys is anyone else thinking to Buy Eur/Usd this week
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