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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
any repercussions from crisis your way?
expecting run up to 3950/60 b4 down to 3850/60.... but expecting 3850 level to hold for move higher to 4100 then 4200...
gl/gt
And euro/usd ran back to and thru the 1 hr tunnel past 1.3910 a bit overshooting, but now just north of tunnel, 1 and 4 hr short..
sht 3919 stop 3937 tp1 = 3855 tp2= 3764
added a/y long 81.15
spring breakers are killin me late night
EURUSD ignores falling stocks to test $1.40. In the event of no hawkish dissenters by the FOMC tomorrow, expectc EURUSD to retest $1.4040s, followed by 1.4120. Long EURUSD positions are being used as a partial hedge to long USD positions vs AUD and GBP. In the event that 1 or 2 FOMC members express their dissent with QE2, then markets should expect further losses in equities and solid stark stabilization in USD, but largely against AUD, NZD and CHF.
Ashraf
rum brunch