Posts by "carlco"

i have eurusd support @ 11827-30 on my charts.. it seems to fit the fibs slightly better and 11827 was a support month in feb2006, jan2006 monthly low pushed down to 11803ish so never broke the critical 118 level it was tested twice in 2006 , so question ashraf/anyone, could we bounce hard off this support level or will we punch through with conviction to test new lows could we see some sideways action around this level for a few days/weeks before any decisive break forms? interesting ashraf notes that loonie is doing well, so maybe we will have a fight for a 118 support breakdown if the dollar isnt in that great a shape (looking at jobs data its not looking very clever atall).
Also with euro fiscal/ sovereign debt tightening, could this now signal the end of the recovery, if so where does this leave china exports?? seems like globally the huge fiscal stimulus engaged by g20 last year , now seems to run aground, politicians have lost their nerve, but surely withdrawing fiscal stimulus this early is akin to what happened in the great depression ? ie a near 1.5yr rally followed by another leg down. Is it me or do the fundamentals and charts have an ominous air of double dip about them?

asad- thnx for the link, lol. i didnt realise ashraf had such good ball skills.
Q. do you still think we are on for eurusd 1.32? now the greeks seem to be stabilising the uncertainty is fast evaporating. how far do you think this retracement will go before you concede a full reversal?

speculator, i have it on my charts that the end of cable is coming in 2012

ashraf breaking news for german deflation worries and french peugeot losses, could this be a eurusd short trade to test the support levels? 1.40?

btw for this to convince me this is a head ill be looking at 1015 resistance (fib level) but really 1120 would be a lovely head, this previous head seemed more like an aberation created through a rally/bounce off the top trend line and retest then of fibonacci support ie sel fulfilling prophecy of traders trading the levels without any REAL conviction.