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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
fundamentals may have advantage on the longer time frame..... but technicals give better picture and specific targets on shorter time frames...
Within total retail sales, food sales dropped 2.2% on a yearly basis and non-food product sales decreased 4.8%.
Data showed that employment in the retail sector decreased by 1.3% from the previous year. In 2010, sales were down by 1.7% compared to 2009.
Spanish bonds are falling.
Is it prudent to buy the dips ?
Xaron.
Were the markets really concerned to a slightest degree with the US ability to pay back, we would not be seeing the 10 year treasure yield where it is. Do you agree?
you could be right.... but i'm all technicals guy... clear signal given on 8 hour/daily candle... facing the first main resistance level at 3750 and this kind of signal is likely a confirmation for me...
anyway, good luck with your longs... :)
I think we just saw a temporary strike into the Dollar because of the news but in the long run the markets will look at the US and doubt their ability to handle their debts situation as well...
would you have stops for your current long? and what would be your target?
i see move higher in coming months but i don't see current levels to be good to go long... well.. that's my opinion...
expecting some menaingful pullback b4 next leg higher... lets see... anyway gl! :)
I guess that's the reason for a temporary shift into the Dollar. I used that dip to go long EUR/USD at 1.3645