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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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Negril, Jamaica
Posted Anonymously
13 years ago
Dec 6, 2010 20:12
Dave O.. 55 sma weekly = 1.3420.... 100 weekly 1.3625
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 6, 2010 19:57
well Hungary downgraded.... that could affect Euro because austrian banks as well as german banks have big loans open in easter europe, and Austria and Hungary is the credit flow hub.
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Negril, Jamaica
Posted Anonymously
13 years ago
Dec 6, 2010 19:08
posis update..still short from 1.3348 with half closed at 1.3251...

the last rally from 11/17 - 11/22 for euro matching just previous rally from12/01 - 12/05...

but the resumption south is now taking a slight bounce up out of 4 hr channel....

opportunity to reshort again higher and/or bank second 1/2..

or head fake and resume south harder..like last downleg..

banking first half makes for nice cocktail hour..and easy to watch remaining trade (for newbies)

mid 80's here....rum time....first seed..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 6, 2010 16:57
Ashraf, I still having trouble with some of my MA readings too far adrift from your's. My eurusd 55 week sma is nearer 1.3600 than your 1.3440. I also have the 100 weekly sma at the 3600 level, a titch above the 55 MA.
DAHAB
dubai, United Arab Emirates
Posted Anonymously
13 years ago
Dec 6, 2010 15:58
.
heresh
duhok, Iraq
Posts: 5
13 years ago
Dec 6, 2010 15:47
heresh
duhok, Iraq
Posts: 5
13 years ago
Dec 6, 2010 15:46

Ashraf Laidi
London, UK
Posts: 0
13 years ago
Dec 6, 2010 15:45
EURO BEARISHNESS REMAINS as EURUSD fails to regain the $1.3440s mentioned in Fridays CNBC interview (view herehttp://bit.ly/ hjjlZB ), which was required to pave way for prolonged gains. $1.3440s represented the 55-week MA, which I noted to have been an essential landmark after the Nov 23 break. ALTHOUGH THE USD INDEX DID CLOSE the week below its 200-week MA of 79.67, it did NOT close the week below its Nov 4 trendline support of 79.05. The fact that the markets have quickly returned to Eurozone concerns (IMF insistence for EU to augment its EUR 750 bln rescue fund, inevitability of renewed ECB bond purchase and Tuesdays Irish Budget vote).

$1.3210 appears next short term target as long as $1.3330 is avoided. While EURCHF is taking a fresh battering, while USDCHF makes a valiant recovery after bouncing off the 0.9725 low. Although USDCHF trendline support stands at the lower level of 0.9690s, we need to closely monitor the upmove of the last 12 hours, which may suggest an extension towards 0.9930.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Dec 6, 2010 15:43
My interview in Arabic earlier today
http://www.youtube.com/watch?v=glIbzWCBdw8

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 6, 2010 14:12
:-)))
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