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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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behof
Essen, Germany
Posts: 14
14 years ago
Mar 17, 2010 16:35
Hi Folks !

1.3800 is a massive resistance level.
EUR bounced off an retraced today.

I'll wait for a break above 1.3800 and see next resistance around 1.4200 level.

By the way the commercials are 100% long which is an indication but not
a trading advice that EUR will go up ...

Kind regards

Bernhard
Qiman
United States
Posts: 237
14 years ago
Mar 17, 2010 16:10
With the Euro short-term trading lately it goes back and forth from the market focusing on that the glass is half full, to the next day focusing on how the glass is half empty. Sometimes it is news driven, other times just a MOOD SWING. But medium-term deep down most traders realize that really nothing fundamental has changed with the Greek situation, to speak nothing of the festering problems in Portugal, Spain, Italy. And it would take a lot of time and politicking to work out a European equivalent of the IMF. There are major underlying problems which could lead to a crash; the trick is TIMING a short, it is very difficult to be right but way early!
speculator
Posted Anonymously
14 years ago
Mar 17, 2010 15:51
maybe because jim rogers said on bloomberg the euro is a doomed a currency and wont be here for a very long time? well i doubt that could have an affect. its because the euro is going to drop off the cliff and the market knows it. which is why cable will collapse as well. fx is not wholly driven by risk tollerance
Khalys
Paris, France
Posts: 3
14 years ago
Mar 17, 2010 15:46
What are the fundamentals behind EUR shorting against all other currencies, today ?

Risk appetite is in the air, that's being reflected on CAD and AUD. Still, EUR is being shorted.

Did I miss something ?
littlesnow
Finland
Posted Anonymously
14 years ago
Mar 17, 2010 14:42
INGbalek,
Just saw your question. No, Adam theory is not an indicator. Just another theory like Dow theory.
If we look at the chart now. It is possible that euro will make a drop below 1.37. probably 1.3650around to meet the theory. We can also call it a handle for the circle or cup bottom. Then it will reverse quickly to the upside till next week. Gbp will also drop below 1.52 as well.
Ginger
UK
Posted Anonymously
14 years ago
Mar 17, 2010 13:40
Analyst on CNBC calling for 1.45 within 2 weeks
said
mulhouse, France
Posts: 2822
14 years ago
Mar 17, 2010 13:37
that reflects perpetuous market behaviours patterns and market participant psychology in trend or counter trend.
do u always use
said
mulhouse, France
Posts: 2822
14 years ago
Mar 17, 2010 13:35
i ponder with macd but a lot of false signal.
use also fibo retracement and equivalence
sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Mar 17, 2010 13:33
do u only use ew ? i mean tats all i hear from you talk about
said
mulhouse, France
Posts: 2822
14 years ago
Mar 17, 2010 13:33
why i am predicting this level is due to the fact that from the 15th at the close of 1.3649 to the top of 1.3797 i have counted in EW an pattern called an inverted flat in 3-3-5. it must be followed by a five corrective waves pattern and that leads me to this level
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