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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
Anyway, that's just noise, 100 pips up, down and up again...
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Time to short eur.usd. The Money Makers put 65 pips back on their Boy Toy eur.gbp to get it back to 0.900. The amazing thing is GBP exploded also.
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I was a bit premature in shorting it. Still, I can wait.
It's been quite a ride today, not that we should have expected anything less.
Made quite a few pips one way or another.
Now just have to hold on tight, be careful and not lose it all by doing something stupid...
Ashraf
i reformulate my question.
a scenario with yen weakening and dollar weakening vs euro? that kind of competition.
Haven't traded this pair in a long time. So wouldn't be fair for me to advise you.
However, just having a quick look at it : would prefer short mainly if I had to. the pair has been largely between 2.2 and 2.3 for the last 3 months so 2.3 is not really a brave call from GS. If trading short term (1 to 2 days) then shorting it now for a target around 2.16 looks like a potential trade.
cheers
vik