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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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cat0nip
Frankfurt, Germany
Posts: 1632
14 years ago
May 6, 2011 11:09
yes I think market dared a glimpse on fundamental realities. And was shocked.
Machiavelli
Posts: 113
14 years ago
May 6, 2011 10:49
Cat, so your understanding is that the market finally realized the underlying fundamentals yesterday, woke up from its delirium and it changed its long term direction? Also, USDX can sustain the break of 74, will not only reach the 76-77 zone, but take it out, and break 82?
cat0nip
Frankfurt, Germany
Posts: 1632
14 years ago
May 6, 2011 9:56
ECB's hike was dead wrong. Crash in Ger industrial orders shows inflation is no concern.
But dropping GDP in Ezone is a big concern. Watch falling UST yields. Return to safety even if QE3 is coming. Trichet might be forced to reduce rate in Jun. I wouldn't bet on falling USdx but see continuing weakness in EUR. In the end, economy reality always wins.
USD and JPY are still withdrawn from russian stock market. Anticipating further economic drawdown. Bad for EUR good for USD.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
May 6, 2011 9:40
Yes, i did say 1.5050 target in EURUSD on Wednesday and that was a poor call...but I had been calling the January trendline to be a support at 1.45 for past 2 weeks, which has yet to be breached. So I am still anticipating 1.5050s to occur yet will be pushed onto end of month...as long as we do NOT close the week below 1.4520

Ashraf
jacek
Melbourne, Australia
Posts: 2579
14 years ago
May 6, 2011 5:05
actually im not sorry.. sorry for what? your kinder euro trade setup gems...http://i.pbase.com/u36/richards1052/small/32384243.jonahsplashingingutterwopenmouthpb.jpg
jacek
Melbourne, Australia
Posts: 2579
14 years ago
May 6, 2011 4:31
faker and rude, eh?.. talking about levels.. just look at yourselves super traders.. how does gutter sound to you?..
jacek
Melbourne, Australia
Posts: 2579
14 years ago
May 6, 2011 4:22
sorry Sir for not being clear before.. large portfolio not here.. just play/risk money on the side..
jacek
Melbourne, Australia
Posts: 2579
14 years ago
May 6, 2011 4:18
ie. ST 1.4650 (adjust all up slightly if dont like round figures:-)
jacek
Melbourne, Australia
Posts: 2579
14 years ago
May 6, 2011 4:16
ok looking at S 1.4600 T 1.4420 S 1.4650 (if we get there soonish) - I know it looks a bit ambitious so need to adjust position size accordingly.. this setup corresponds approximately to around 74.60.. my target for DX..
Sir Ignore
United States
Posts: 3068
14 years ago
May 6, 2011 4:02
she used to tease Ashraf a tad :)
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