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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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bigBaby
Singapore, Singapore
Posts: 21
13 years ago
Mar 10, 2011 13:51
Got out 1 lot at 13800 having sold at 13975. Will let the other run.

1st profit on a virgin trade. Beginner's luck.
subway90
Posted Anonymously
13 years ago
Mar 10, 2011 12:36
break of 3830/50 support suggests we could see deeper correction.... need a close above 3850 level on 8 hour candle to rally back up to challenge 3920/30 resistance...

to the downside we have support coming in around 3750(where i expect a bounce back up to 3850 level initially)level then further down around 3690/3700 level...

if Euro will be breaking down lower later today.... 3850/60 would act as strong resistance
alk34alk
Istanbul, Turkey
Posts: 4
13 years ago
Mar 10, 2011 12:24
Still GBP could not hike rate desipite double inflation more than EURO, so it is realy hard to see a link rate hike periot from ECB, so all new highs will be opportunity to sell on first of for EUR/GBP and also EUR/USD
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 10, 2011 10:54
Just when all eyes were fixated in Portugal, Moodys downgraded Spain to Aa2 with a negative outlook, sending EURUSD towards the $1.38 trendline support. This level must be held this week (close) to avoid prolonged losses to as low as $1.3660s. EURUSD has yet to break above the 3-year trendline resistance reiterated over the past 3 weeks.

THOSE WHO TRADE FX ON HIGH MARGIN have been stopped out or margined out of positions in AUDUSD, GBPUSD and EURUSD, but each of these pairs continued to respect the important resistance levels of 1.02, 1.6350s and 1.4320s respectively.

AUDUSD rests on the 1.0030s support. A close AT parity would be deemed a a break of this trendline, thereby paving the way for 0.992s0. UK industrial production and manuf output both beat expectations at 4.4% and 6.8% y/y respectively, but we could well see this as an opportunity for shorts to pile in near $1.6190-1.6220s ahead of what is expected to be a no-rate hike from the BoE, with the renewed downside falling on the back of the latest bout of risk aversion. USDCHF eyes a gradual retest of 0.9380, followed by a possible 0.9460s into next week.

Ashraf
Klondike
Idaho , United States
Posted Anonymously
13 years ago
Mar 10, 2011 7:51
Nobody should listen to me, but the markets,but, what I was thinking was that the wealthy will not ignore a good thing is that their selling will stop at 1.3750. long from there until we see the full effects of the proposed rate hikes. The USD index is searching for a new base and how low that will be is anybodies guess. When everybody is screaming...the dollar is dead, that is definitely the time to buy dollars.
Klondike
Idaho, United States
Posts: 27
13 years ago
Mar 10, 2011 7:28
Before EU there was Bundesbank. With them calling for multiple rate hikes, there will be rate hikes. IMO
Klondike
Idaho , United States
Posted Anonymously
13 years ago
Mar 10, 2011 7:18
bought back 50 percent of the short.
Klondike
Idaho, United States
Posts: 27
13 years ago
Mar 10, 2011 7:09
Ya know? I'm inclined to lower my get out of the short to 1.3750 on account the wealthy won't completely ignore a good thing when they see it. It's easy to say when things are going your way.
Klondike
Idaho , United States
Posted Anonymously
13 years ago
Mar 10, 2011 3:33
I'm still holding a portion of my Eur/USD short. With the announcements of rate hikes the ECB has brought confusion to the business climate and I believe the wealthy will withdraw more funds from the Euro than those purchasing. Something about the German fetish concerning inflation since Weimar. The price of oil, inflation caused by oil prices is unaffected by interest rates unless those interest rates slow down the business climate and demand for oil. What foolishness. This is a bit of a reach for day trading, but if I might trouble your ears for a moment longer. What game are they playing. Interest rates should have been determined by the markets, not some fiat directive. Keynesians causing crisis after crisis, malinvestment, instead of a normal business cycle.
Nor
Canada
Posted Anonymously
13 years ago
Mar 9, 2011 23:51
boring week for fx.....
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