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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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said
mulhouse, France
Posts: 2822
14 years ago
Apr 12, 2010 22:57
MY FORECST WAS 1.31 FOR THE BOTTOM
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 12, 2010 22:30
I am at best agnostic about most forms of TA, but I agree with Ashraf that EUR has not bottomed yet and we might yet see 1.32-ish again, if not lower.

I notice that gold has fallen somewhat as I write. Congrats to anyone who had the guts to short it at ~1169.
macrosam
United States
Posts: 190
14 years ago
Apr 12, 2010 22:02
I like your analysis, catnip.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 12, 2010 21:44
Went short EUR/USD @ 1.36 s/l 1.363
TEDspread corporate bonds sov bonds¬es should prevent USDx to drop below 80.4, however.
Alcoa revenue lukewarm at best. I suppose with more disappointing revenues return to safe haven
risk aversion. I see no room for EUR rise.
macrosam
United States
Posts: 190
14 years ago
Apr 12, 2010 21:36
In that area, yes. I don't want to overstay my welcome as we're also sitting on what should be fairly good support in prior highs (in the downtrend). This could also be a two-day symmetrical triangle with a breakout possibly above into R2, where many stops and short covering may be triggered, though it could also break downwards to my target area.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 21:30
macrosam
Nice one i guess 1.3620 sl to be more precise.
macrosam
United States
Posts: 190
14 years ago
Apr 12, 2010 21:26
Correction: 1.36000 is R2, not R1.
macrosam
United States
Posts: 190
14 years ago
Apr 12, 2010 21:26
Going short at 1.3590 with a reasonably tight stop slightly above 1.3600, making the beat that R1 holds as it has been all of today (pop 150 pip gap from yesterday, that is). Also doing this considering that once EUR/USD could only briefly stay under its 50day EMA yesterday and that once it retested it, it failed substantially. Coupled with this the US Dollar maintaining its uptrendline from November 2009 in addition to trading above its 50day EMA all day today (like EUR/USD, briefly failed this level due to yesterday's squeeze).

Tight stop, very specific play in mind, looking for 1.3500 and below if this holds. If not, I'm out less than 30 pips.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 21:18
A short at 1.3780 thats the best option for this pair with minimum risk and i think i will wait till it gets there. Ashraf mentioned this level aswell.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 21:14
seriously guys euro seems to be very unpredictable pair to trade now a days.Lots of chance that its near the bottom if not bottomed. Other currencies have much more room to go down unlike euro. Its time to shift focus on crosses and i think audjpy is one of the best crosses with very limited ranges.
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