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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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Stationdealer
London, UK
Posts: 715
14 years ago
May 4, 2010 19:08
while im not buying until i clear break above 13165
not selling either as I suppose there Fridays join Eurozone gov's unanimous decision will get it back up to 13270 and then once they get their first payment from IMF it can take it further up.
Stationdealer
London, UK
Posts: 715
14 years ago
May 4, 2010 19:03
just as many speculator have found an opportunity to sabotage the euro. many are forgetting that US debt crisis is still not over, recent continued growth scale is coming through well-manipulated sentiment measures and through a very bumped up stock market. In real essence job market is still getting worse do not be surprised if you see another 100k plus job losses this Friday after the as ever unreliable ADP report.
Further exports are declining again, retail sale will give clearer picture end of second quarter(from mostly summer sales) about the real inventory, spending and purchase cost scale. Interest rate will remain constant this year which i can be certain of while i suspect ECB and BOE to raise 25bp close to the end of 3rd quarter. Political out of the election in UK will not hinder much GBP's rise back up to 160 within this year.
But certainly the recent Greece crisis did make dollar haters focus their balance of attention off US and on to euro. Even this will not carry on for long as note circulation for euro usually gets it back up in demand automatically.
speculator
Posted Anonymously
14 years ago
May 4, 2010 18:17
Nice to see euro getting sold again. Reinforces my belief that the euro has cracked, us data is improving and bailouts would be ignored by investors as the damage is already done on the sustainability of the Eurozone
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 4, 2010 16:43
Never say never. However, taking the long(ish) view, it has been in a downtrend now for ~5months (give or take some consolidation). It appears to be looking into a black hole.

Previous uptrend lasted about 7 months.

GBP/USD is not that different actually, except for the sharp rally in W13/14.
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 4, 2010 16:41
euro and swiss franc are good to buy with going long on usd-cad gl
DAHAB
United Arab Emirates
Posted Anonymously
14 years ago
May 4, 2010 16:34
it has no support other than 1.2880
Stationdealer
London, UK
Posts: 715
14 years ago
May 4, 2010 16:07
so are we saying that we can not go back to 13380 now
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 4, 2010 16:05
long eurgbp
joe tan
singapore, Singapore
Posted Anonymously
14 years ago
May 4, 2010 15:33
hi guys, a possible double top of eurjpy? best seen in 4hr chart
Xaron
Munich, Germany
Posts: 528
14 years ago
May 4, 2010 15:08
1.3048 is today's S2. That's why I went long here after such a drop.
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