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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
rising yield could as well indicate a problem coming up.
8 hour chart still looks very strong... if it settles above 1.2900..... could see extension to 3100~3130 b4 pullback or next leg lower....
gl/gt
Covering corrective rally, renewed shorts and (re)confirmed breakdown of Greek 'talks' should be enough of a catalyst to produce this, plus some other arbitary bit of bad news thrown in for good measure...
..Still prefer upper 130's before turning to bearish bias of 125 and below though...
And indeed now everyone seems to be calling the EUR...
(to which CHF is pegged obviously - thanks to Mr "frontrunning my own decisions despite announcing the exact opposite less than 48 hours previously" Hildebrand)
...MUCHO higher.... perhaps someone will hit me with some serious verbal abuse so as to break my drug and booze induced torpor and allow my bailout finger to operate again when my vision has cleared enough to see the rodent.....
looks like its due for a bit of a pull back here tho...to 1.2820-1.2790?, will add to longs there if thats the case...otherwise, keep it climbing.
In case the negotiations are successfull I go for EUR USD 1.38. The rally in EZone bank index has already started.