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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
http://bit.ly/9oQWra
Ashraf
My gut feeling says, tonight it hits 1.3750 again or even 1.3810 and by end of Friday morning London time EURUSD will hit 1.3450 and shoot to 1.38 by Monday again and will move to 1.40 next week before the bigger downtrend to 1.30.
EURJPY to hit 121.70 tonite and then back to 118.60 before bouncing to 123.00 next week before bigger downtrend to 112 in few weeks.
This is my nightly dream and not any analysis. My trades are actually big time struck and I am putting money to save my account getting liquidated, hopefully it will.
SUPPORT AROUND 10200 FOR DJIA
EXPECT STRENGH IN EURUSD TILL FRIDAY DATA RELEASE AND THEN THE NORMAL COURSE WILL PREVAIL ;
WE HAVE ENTERED A TIME WHEN WE HAVE TO THINK OUT OF THE BOX REGARDING THE MARKET MECANISMS THAT HAS RULED THE MARKETS FOR THE LAST DECADES.
Is it not that the trend is broken for USD with DOW going up USD went up, DOW going down USD use to go up on risk aversion. Now both ways USD is going down. Also YEN is still strong when EUR/GBP/CAD is going up against USD, so it clearly means that the Greece news is negative to USD only. And also 1.3460, EUR tested 3 times and was unable to breach, hence reversal to go up back again to 1.40?
If you agree with Ashraf of 1.3850 being Resistance in Eur/Usd and you want to take advantage of the big move down, then you want to SHORT Eur/Usd so you need a SELL Limit at 1.3850
mohamed
Ashraf has been spot on, he is an excellent analyst. He can not be right all the time, the probability of his analysis and him being right is higher than any one in the forex trade I have seen.
Thanks,
Tanvir
march is the month for the last 5 years when USD drops - and both the EURO and CHF gain substantially