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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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subway90
Posts: 1078
12 years ago
Nov 3, 2011 9:38
above 3840 could see further recovery to 4050/4100 b4 selloff to 3450/3500....
break below 3635 would signal continuation lower to 3450/3500 b4 recovery....

in the bigger picture... as long as we don't see weekly close below 3500 level.... see 1 more leg higher to 4350/4400 at least b4 deciding which way to go....

the bull run that started from 1.1876 low is still intact as long as 1.2587 stays intact.... but needs to recover above 1.4696 to confirm continuation north above 1.4940.... main resistance to new all time high remains at 5144 level....

break below 1.2587 is needed to confirm bull run from 1.1876 has ended at 1.4940.. would mean failure to the upside and see drop below 1.1876 level...

gl/gt
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 3, 2011 9:29
sorry, not EFSF, is IMF.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 3, 2011 9:27
china: "we may put more money on EFSF"

if merkozy not worry about greece blackmail, then maybe they have same goal.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Nov 3, 2011 8:55
gm
still confident on EUR despite Merkel did the wrong thing on GPap cut lifeline... very stupid she has no idea about GPap' s CDS bomb.
Libor OIS spread up but not yet alarming.
Sir Ignore
United States
Posts: 3068
12 years ago
Nov 3, 2011 3:50
also holding short usd/chf 8797...
Sir Ignore
United States
Posts: 3068
12 years ago
Nov 3, 2011 3:46
long euro/usd 3688 stop 3652 tp 3750 1st
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Nov 3, 2011 1:58
Adding New Premium Trades on Asia's Tumble

We're adding a fresh set of Premium Intermarket Insights as markets tumble in Thursday Asia following Merkozy's refusal to grant Greece its 8 bln tranche before any referendum is carried out. A referendum is reportedly planned for Dec 4th.

We're adding trades on GBPUSD, US crude (CL) Dow futures (DJZ), S&Pfutures (ESZ), EURUSD, EURJPY and more. Click here for direct access.http://ashraflaidi.com/products/sub01/access/?a=541 Non subscribers can click here to joinhttp://ashraflaidi.com/products/sub01/

Ashraf
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Nov 3, 2011 0:07
Not so quiet start of Thursday Asia.

EURUSD drops below 1.37, AUDUSD shwing Head&Shoulder at 1.0250s.

We are adding a 2nd edition of the Premium trades this Wednesday evening (technically Thursday morning London time) after some of the new trades posted on Wednesday afternoon; short EURUSD and long USDCAD hit all targets and one of the short AUDNZD stopped out.


Ashraf
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 2, 2011 21:15
yes, in short term, this week and maybe next week. but today Dr Ben make me feel he want strong USD now.

i will long usdjpy again tomorrow night.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Nov 2, 2011 20:53
So GPap is not the black sheep of the family?
No matter what the CDS bomb is his no 1 weapon ( could blast Bank of America JP Morgan...Soc Gen Deutsche Bank...) and the big write offs on Greek bonds Ezone banks had to take in case EU cuts lifeline and Greece defaults is No 2.
I think Merkozy must face it: give GPap a 100% haircut. Voluntary haircut let Super Mario bailout the banks. Its the cheapest solution. Until Don Berlusconi wants a 110% haircut.
The Euro system is done.
Nevertheless my bet is on tomorrow we will hear news that make EUR jump up and banks rally.
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