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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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lucky
Nigeria
Posted Anonymously
13 years ago
Jan 12, 2011 20:21
1st 200 pips in euro closed today still waiting for another long at 128.80
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 12, 2011 17:33
ok target 131 reached in EURUSD long pos closed
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 17:23
euro index futures (E #F) broke a little below its trend support line from the June and Sept lows and hooked up yesterday. The reversal looking weakish thus far.
subway90
Posted Anonymously
13 years ago
Jan 11, 2011 21:05
could see current runup of Euro to 3150... above that level would see 3250/80 level...
as long as 3150 caps any upmove... still expecting 1 more dip to 2750/2800 b4 any bigger upmove..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 11, 2011 20:10
@Orange, you will get your "death cross" on daily chart even if price moved up from here. Lagging indicator my friend.
orange_trad
New York, New York, United States
Posts: 20
13 years ago
Jan 11, 2011 19:37
DaveO: I'm not here to educate you, so let's suffice, if you claim that a death cross on the dailies on EURUSD doesn't matter, I'm not going to take you seriously, all right? ;)
macrosam
United States
Posts: 190
13 years ago
Jan 11, 2011 18:53
Japan can certainly use their EUR reserves to buy bonds with but this gives them the green light to go long EUR/JPY in order to weaken their currency, much like China is using this a ruse to weaken theirs. I'd take advantage of this cover if I were them as well.

EUR/JPY longs until austerity results in negative growth and increased deficits.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 11, 2011 18:40
i still hold on to 1.30 and above . Japan buying bonds doesn't mean they buy Eur they have tons of Euros to buy troubled sov bonds. But it could stabilize together with heavy ECB QE and some crumbs from China and 1,3050 is an excellent short mark and 131 even better.
Because sucking up some bonds is no cure only eurobonds can do it. I think they are inevitable
and then we may see 1,45 by july but only if.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 11, 2011 18:30
yeah well, MA's follow price and if mkt decides to travel sidweays balancing you will see the MA's continually crossing back and forth. They are not and never have been a leading indicator.
orange_trad
New York, New York, United States
Posts: 20
13 years ago
Jan 11, 2011 18:17
In a matter of a few (very few) days we'll have a death cross on EURUSD (55dma under 1dma) that ought to take us, finally, to that 26s, and further. Maybe tomorrow's European auctions would serve as a catalyst. But the death cross is pretty much inevitable now.
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