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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
This is a FREAKING Disaster And Its Happening Right NOW!
Submitted by Phoenix Capital Research on 03/03/2011 21:52 -0500
Monetary Policy US Dollar Index
A few weeks ago I warned you that the US Dollar was about to collapse.
At that time, many investors scoffed at the idea. After all, the Euro is in much worse shape than the US Dollar, right?
Wrong..... (read on)
http://www.zerohedge.com/article/freaking-disaster%E2%80%A6-and-it%E2%80%99s-happening-right-now
I will continue to stay on the sidelines for now. Anyone honestly make money trading eur/usd over the past three months? To be honest, I am glad I have not traded as - overall - based on my trading methodologies - I would have lost money over the last 3 or 4 months had I traded.
Chloe if you short EU here you are fading up trend although right now its kissing my trend resistance line from the Nov 09 through Nov 10 highs. As Subway just said the 3830/00 support level is significant for any ret, a break of which is likely to lead to lower prices. For me the pattern on daily chart would target some tp at 1.4430 following a successful break of previous high at 4280. This thing is not going to go straight up there without rets along the way and its right into some heavy horizontal volume from last Oct + tomorrow NFP could see anything happen ! Longs are justified but I don't see any sell signal as yet. I am not a fader ! gl and gt.
8 hour still looking bullish so we could see 1 more jump to 3980/4000.... then expecting pullback to 3800/3820.... as long as we don't see daily/weekly close below 3800 level.... expecting move higher from there to 4100/50...
gl/gt
gl all... except CAT and Tony... these 2 guys are too good they don't need any luck... LOL
and now great pretenders!!! LOL.... great going CAT and Tony... keep up your BS.... :)