Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Dec 11, 2009 0:10
Comments: 198
View Hot-Chart
This thread was started in response to the Hot-Chart:

Euro's Third Down Leg

 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 17, 2009 9:56
Everyone, i stick with $1.4280 target, which means that peiople can take profits near 1.4330 and 14320. Yes, i was mistaken last month when i spoke about $1.57 year end target for EURUSD but the important thing is to note when you are wrong and when it is time to change the forecast, rather than stick with wrong forecasts. The technical and fundamental rational presented above in HotChart was clear.


Ashraf
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Dec 17, 2009 8:17
and why would you like risk a long on eurusd - just see the trend of the last 10 days - we could be at 1.4 in the next 3 or 4 days !
speculator
Posted Anonymously
15 years ago
Dec 17, 2009 7:33
no chance in 1.55 by year end. the pair has alread peaked.
Xaron
Munich, Germany
Posts: 528
15 years ago
Dec 17, 2009 7:21
Uh, now 1.55 isn't a realistic end of year target anymore.
A_V_G
Singapore, Singapore
Posts: 38
15 years ago
Dec 17, 2009 5:27
Hi Ashraf,

How much wud EUR/USD fall. It is now at 1.4396. I am thinking of going Long from here. As u predicted 1 month back tht EUR/USD will go to 1.55 by end of Year'09. Do we still hope for it. Your expert advice always needed.

Thks :)
14raj
Kolkata, India
Posts: 210
15 years ago
Dec 17, 2009 5:10
Ashraf,
I covered my EuroUsd short position here at 1.4390 and inititae fresh long here.Even bought NzdUsd near 0.7115.Can we expect some good amount of rebound?
Regards,
Rajib.
chloethebull
Posted Anonymously
15 years ago
Dec 17, 2009 4:22
rob your thinkn on more short i was thinkn on goin long how much downside is there in eruusd?thanks
Rob
New York, United States
Posts: 305
15 years ago
Dec 17, 2009 3:25
chloethebull - yeah - I was hoping for it to rebound back to 1.4500 for a new short entry as well. Now that the rug has been pulled out from underneath it...good question. Maybe 144.50 will be a good short entry, we'll see what Europe does. No data coming out on EUR/USD until unemployment at 8:30am. I wouldn't be shocked if part-time holiday employment keeps the number inflated, allowing for more USD strength. BTW - if you're not already - follow Ahsraf on Twitter, that's where I got the short-term target.

I've now got my eye back on EUR/CHF - SNB, will probably intervene AGAIN (4th or 5th time it would be) if it drops below 1.5050, maybe more towards 1.5000 though --- I think that's a great trade for a large number of lots with very little risk. It may take some time to get the pips you want, and it's too bad the yield differential isn't wider, but it seems very, very safe. Good trading!
chloethebull
Posted Anonymously
15 years ago
Dec 17, 2009 3:18
woow eruusd is crashing hard..glad i decided to sit on sidelines til i get a word from ashraf lol gl
chloethebull
Posted Anonymously
15 years ago
Dec 17, 2009 2:11
thanks rob ..ive been looking for a target that ashraf gives on eruusd..i was gonna get in @ 1.4455 but was unsure..i still might, could be a quick recovery back to 1.4500 mtrade ..might be 50pips ....what are your thoughts on grabing some eruusd @ this level ..aghain thanks
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