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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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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 22, 2010 13:37
eur could go 1,22 however I think not today , today is sideways I guess
Xaron
Munich, Germany
Posts: 528
14 years ago
Jun 22, 2010 13:36
Who knows? ;) I wouldn't do it. You could short if it breaks below 1.2240. It already has fallen about 200 pips within two days. Enough to let most traders think of the continuation of the downtrend. But the sentiment has changed slightly. I think it will go up in the near term.
ZEE
Canada
Posts: 20
14 years ago
Jun 22, 2010 13:30
hi catnip and everyone

is it good to short euro around 12274?
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 22, 2010 12:57
ctp on eurjpy at 11114 and entry long stop buy eurusd 1229 limit sell eurusd short @ 1225
oco sl 1228
Xaron
Munich, Germany
Posts: 528
14 years ago
Jun 22, 2010 12:24
Hmm... I get these levels from ActionForex: http://www.actionforex.com/technical-analysis/pivot-points/pivot-points-summary-200603205734/

They almost always "work" so the close they use might be the one the big guys use. ;)
Stationdealer
UK
Posted Anonymously
14 years ago
Jun 22, 2010 12:10
As general risk aversion has picked up this morning, so EUR/JPY has traded lower. Presently down at 111.30 from early 111.85, having been as low as 111.06. Getting reports of stops through 110.95.

What i want to know is where that bank made that swap, now a situation like this would me if I was working Goldman's treasury but im not.....


Xaron my S1 is at 1.2240 S2 1.2213, if not breached then turn around tuesday game play comes back in play. I hate algo trading this is another one of those days we witness nothing but the black box trading. Yuan welcome to endless world of black box decimation.
Xaron
Munich, Germany
Posts: 528
14 years ago
Jun 22, 2010 12:03
Daily S1 is at 1.2254, I expect a bounce from there.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 22, 2010 11:57
cool!
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 22, 2010 11:55
Apparently a U.S. bank has come out suggesting there may be up to 16 yards of EUR/USD to be sold to convert USD/CNY positions into a basket trade. I havent seen piece so have no details. Take it for what you will, but much talk in market.

Guess that helps partly explain swoon in EUR/USD. Stops were earlier tripped through 1.2275 taking us as low as 1.2266, presently at 1.2278.
Xaron
Munich, Germany
Posts: 528
14 years ago
Jun 22, 2010 11:55
Yes I do. A good entry would be 1.2250 for today but I'm long at 1.2275 with a target at 1.25 (SL below 1.2240)
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