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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
will likely see continued USD weakness thru Q1 before bottoming out and preparing the long journey north....
gl/gt
for today... still possibility of 1 more dip to 3200(3170 max) area as long as below 3276...
if upside opens up... would likely target 3330/40 area then more importantly the 3380/3400 strong resistance....
if Euro manages to close and settle above 3400 area.... we may not see the dip to 31xx but continue higher toward my preferred target of 36xx area....
gl/gt
"Talk of 1.3000-1.3300 DNT option, speculation of huge Asian/China interest.."
usd/chf daily lots of crows feet on the fence..bounce r/r +
bringing euro/$ south
still selling on any rally to 3200 beyond that sell use/chf possibility..not likely mho
adding area coming soon..3150 possible tp 1 hr now
4 hr has to close below 3246 current 3236 if not then hedge insert
We may see 104-105 in EURJPY but cant see much beyond that.
Ashraf
I don't dare to predict any particular outcome of Greece stuff. placed a long @3300 and a short @3200 . Bot did 32 trades today all closed. It is really good at range trading.
The foremost problem is that ECB dumping Greece bonds in EFSF accepting EFSF bonds as compensation and collateral will most probably not be approved in political vote.
What then? Dunno.
as long as above 3200... expecting extension to 3330/50 at least b4 bigger correction...
As long as 3025 stays intact.... still expecting move north toward 3580/3620 area b4 next leg lower...
gl/gt