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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
and further the buyers are anonymus so we'll see next week how much the ECB bought...some say ECB bought all the crap. We may see a trend reversal with eurusd going to 135 if USDx chart
turns bearish so far it is not bearish.
European Central Bank President Jean-Claude Trichet signaled hes prepared to raise interest rates if needed to fight inflation even as leaders struggle to contain the regions sovereign-debt crisis.
The week of Dec 14 was a classic example when I may have doubted my EURUSD shorts but stuck to my guns after the $EURUSD closed at $1.3490s.
be back with more
Ashraf
Yoni, I know what you mean but Ashraf's more macro perspective discards 300 or 400 pips as chicken feed when to the vast majority of retail traders that kinda drawdown can be devastating. Its a problem he needs to think about imho.