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by Ashraf Laidi
Posted: Jun 11, 2010 19:19
Comments: 43
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This thread was started in response to the Article:

Eurozone Core, USD Index & Swiss Knife

Watch the risk of contacgion into Eurozone core nations, as well as the USD Index monthly rise and the broadening gains in the Swiss franc.
 
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Stationdealer
London, UK
Posts: 715
14 years ago
Jun 15, 2010 11:24
I agree space it holds its gain is the only negative signal so far.......and this will only become more worrisome once time progresses on Euros lack of insignificant gains.

At the same time do not forget, its a Turn around Tuesday today!!!!
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 15, 2010 10:15
BOTTOM LINE: EURUSD has not gained more than 500 pips from its lows at each rebound. You must pay attention to TIME and PRICE. as far as time is concerned; eurusd barely rose 4 consectuve daily gains, but as far as price (space), it has not gained more than 500 pips from its lows. As far as fundamentals, Ive written a full article on here that hopefully addresses these concerns. ZEW ws not so hot.

Ashraf
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jun 15, 2010 0:18
Economists are CONFIDENT that despite Euro problems, the oulook is still ROSY!!!
fxretracer
New Mexico, United States
Posts: 7
14 years ago
Jun 14, 2010 23:40
Totally agree here, but eurusd has some leftover stregth in the daily tf, could pop past the highs of today later on...but still a good short under these circumstances. As short eu proved to day, just short on those daily res lines and you should be ok. Don`t over leverage! You don`t want to be all maxed out when the high finally does come in this week.
fxretracer
New Mexico, United States
Posts: 7
14 years ago
Jun 14, 2010 23:39
Ttoally agree here, but eurusd has some leftover stregth in the daily tf, could pop past the highs of today later on...but still a good short under these circumstances. As short eu proved to day, just short on those daily res lines and you should be ok. Don`t over leverage! You don`t want to be all maxed out when the high finally does come in this week.
said
mulhouse, France
Posts: 2822
14 years ago
Jun 13, 2010 14:20
omid
said
mulhouse, France
Posts: 2822
14 years ago
Jun 13, 2010 14:17
DEBENA
rahy50
Kuwait
Posts: 5
14 years ago
Jun 13, 2010 13:31
Dear Ashraf,

What if we see a segnificant break above 1.2150 this week , to what level you think the euro may retrace before continuing its downtrend towards your target 1.1660 ?
houram
Vancouver, Canada
Posts: 55
14 years ago
Jun 13, 2010 6:39
Catnip
You hit it on the nail!!! BRAVO
It is the money flow that dictates the direction at such times.
Lets wait and see!
Khuna
, United States
Posted Anonymously
14 years ago
Jun 12, 2010 19:34
This weekly chart has caught my interest.
http://img704.imageshack.us/img704/8893/image74a.png
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