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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
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macrosam
United States
Posts:
190
14 years ago
Jan 13, 2011 16:07
Fundamentally the Euro should continue to rally, not sure I understand why one suspects the otherwise. Euro may sell off on occassion due to porfolio repositioning, but fundamentally, austerity is deflationary and deflation appreciates a currency until that currency breaks the users (as a currency too strong would do to exports). This has been proven throughout history. During the Great Depression, the US Dollar rallied.
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DaveO
UK
Posted Anonymously
14 years ago
Jan 13, 2011 16:05
GS and one or two other biggies announcing they target eurusd to 1.37 but frankly I wouldnt trust those jokers for the time of day. The 61.8% ret of the swing down from the 1.4280 high is at 1.3737 but first we would want to see the 50% level taken at 1.3570, not to mention the last pivot high at 1.3433
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Yoni
Finland
Posted Anonymously
14 years ago
Jan 13, 2011 16:00
Ashraf still expecting EURUSD to go down? He sounds like a broken record. LOL
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Shane
Lahore, Pakistan
Posts:
209
14 years ago
Jan 13, 2011 15:57
yup i am in pip still risky but is there any trade without risk? i guess none didnot wait for ashrafs call . But i guess with stocks going down its only time that we see forex markets respond to that.
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chloethebull
Canada
Posted Anonymously
14 years ago
Jan 13, 2011 15:00
stoped out @13310 but back in 13330level:) gl guys:)
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PippinLongStockings
Illinois, United States
Posts:
9
14 years ago
Jan 13, 2011 14:56
There's your shot Shane, did you get in this time?
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Shane
Lahore, Pakistan
Posts:
209
14 years ago
Jan 13, 2011 14:52
i trust u pip
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DaveO
N.Cornwall, UK
Posts:
5733
14 years ago
Jan 13, 2011 14:47
and daily 31.8% fib level @ 1.3400
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PippinLongStockings
Illinois, United States
Posts:
9
14 years ago
Jan 13, 2011 14:42
Trust me you're going to have another opportunity to enter...don't worry....it might even test that 3435 level today...so be careful!
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Shane
Lahore, Pakistan
Posts:
209
14 years ago
Jan 13, 2011 14:38
Damn missed my short by 5 pips will be keeping it tight if get another opportunity at 1.3330.
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