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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
I can't wait for the Eur/Usd to hit the 1.4130 mark. I've got my sell there and my SL at 1.4180. Target is as low as possible. Target 1 = 1.4000 area
Whats you sayin
It would be quite amazing to see the euro up at 1.5, but hey stranger things have happened. A few friends at hedge funds are long euro and seem to think the dollar dumping will continue.
Curious as to which providers people on here use - I've been with shorts and longs for the past year and overall am happy with the service.
still very young... how long have you been trading fx?
this week's upside target remains 4120/30 where i will reverse my longs to shorts...
early part of next week would see correction down to 4020/40(minor) or deeper correction could see dip to 3950 area b4 heading higher to 4200/30 level...
medium term.... if 4282 would be taken out... next target would come around 4500/4600 area where i expect a dip from that level back to 3850/3900 b4 challenging 5000/5200 area... of course if downside(3428) breaks first.. that would draw a different picture...
gl/gt
As a Euro shorter, I take off my hat.
So what is in store now for the euro vs the dollar?
Well, considering the huge role the ECB and FED play in this currency pair, I think it is worth taking some time to second guess their next move.
I remain unconvinced the ECB will raise rates in April (If it does, I will throw in the towel on my euro short), as it is now historically above average value and the export machine Germany doesn't want too much strength. Add in Trichet's reputation for treating the markets like fools (which in fairness, they usually are) and I still favour a climbdown on this, especially if the periphery countries start complaining at the meeting next thursday (also Badnewz's 30th birthday, although I will not be giving a press conference).
FED, well the more I look at their outrageous money printing activities, the sorrier I feel for the hardworking people in America. Will we start hearing QE3 noises? Probably, and if that combines with an interest rate rise by ECB, then as far as I can see, long Euro vs the Dllr is going up and up.
Until then, place yer bets...
great! worked out perfectly for you.... must be lots of monia....
BOJ finally came in..... crazy move by YEN 2 days in a row... and i was asleep again.... :)
i guess it's a sign that i should stay away from YEN...
well... at least my long Euro looks good .. :)
funny that CAT's been missing for some time in this Euro thread... maybe contemplating about his parity call or just wondering why Euro keeps climbing higher
congrats iggy!
stop @80.25 for tru 3bagger..
serious dinero made across fx desks tonight...takin dat gov money..
serious RUM time!!
later