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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
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subway..what the hell do you know?
I think Saladin has correctly sensed the sentiment picture - huge negative sentiment vs the euro on expectations for renewed fears for EU sovereign debt refinancing in March.
Besides USDCHF has also built up huge negative sentiment given the fears associated with the unrest in Middle East and elsewhere.
Thus I am long EURCHF (stop 1.2690) and EURUSD (stop 1.3750).
GL
I'm gripped with the same fear, but unfortunately I have entered the trade and cannot wait to see what unfolds. Either my SL will get hit (1.3890). Its not looking good though. We shall see
I think you're right that current move is extended and I share this view but I have a feeling that s strong move up is brewing to cleanse the euro shorts. Everywhere I read nearly everyone expecting correction and this is making me reluctant to fade this move.
Thanks for that