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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
back to range... downside on hold for now....
with this pace could continue higher to 4350.... where i expect a pullback to 4240/50.... then higher toward 4400 again....
back above 4265... would mean it's ready to move higher toward 4330/40...
gl/gt
I don't see any profitable trade setup in eur crosses so far. fx will be quiet today.
The very clever move tapping oil reserves triggered a rally in asian stock markets but did not
change USDx.
only seemingly random though but definitely chaotic.. trading reverse butterfly effect here:-)
in the chaos theory, the wreckage left after massive gyrations is fractal.. fractals are essentially remnants or leftovers from the chaos theory occurring everywhere in nature..
so this current level of EUR looks to me as an eye of the storm.. thus halving position here is highly advisable..
Nothing has changed fundamentally. Wait for London open preliminary stop sell 4290