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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
digi
toro, Canada
Posts: 1040
11 years ago
Sep 12, 2011 15:25
The hegemonic currency bounced off a 7-month low struck earlier on the day at 1.3496, climbing almost 200 pips within the last hours to set a fresh day's high at 1.3693 as risk aversion eased and US stocks turned flat short after the Wall Street opening.

However, the recovery stalled just shy of the 1.3700 mark and the subsequent dip sent EUR/USD to the 1.3650 zone where it is currently trading, 0.48% above its Monday's opening price.

"Corrective bounce exceeded initial resistance at 1.3625 zone, but stalled on approach at 1.3700/25 resistance zone, with break below 1.3600, 20 day MA, to open way towards 1.3500", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Wider picture remains bearish and loss of 1.3500 handle to expose 1.3427 next".
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Sir Ignore
United States
Posts: 3068
11 years ago
Sep 12, 2011 15:21
dk on AL ...

euro current 3650 for reference...

good week to stand ready with ur ready margin...mho
sydneyjames
Sydney, Australia
Posts: 348
11 years ago
Sep 12, 2011 14:49
how often does ashraf update his premium?? once a week?
Sir Ignore
United States
Posts: 3068
11 years ago
Sep 12, 2011 14:20
g'morning guys.....
hit the lower weekly channel, even dipped below with a gap down..now traded back to original close area.......u can read fundy news..helping the current bounce..

this is area where I expected to go long...with averaging...watching now the 1 hr not quite long and the 4 hr especially to register a candle o/c above 3671 and the 1 hr to give earlier long setup but 21 still down in relation to prev candles..

so again waiting....I CAN take substantial risks but choose to WAIT now...
don't overtrade.....

interested in any euro views at present..

good luck and stay positive dreadies..

cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Sep 12, 2011 13:27
uh oh AFP reports an accident in nuclear waste reprocessing facility in France stock EDF plunges
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 12, 2011 11:54
ah, maybe just temp operation for dumb "european investor"
sydneyjames
Sydney, Australia
Posts: 348
11 years ago
Sep 12, 2011 11:50
yah, but i assume fx has similar trading style, SOMEONE is gotta see it coming
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Sep 12, 2011 11:48

SHIBOR data imply PBOC is easing ( or maybe bail out banks)

overnight 3.0408 -6.50
1W 3.6233 -38.67
2W 3.9992 -10.31
1M 5.0942 -26.01
3M 5.6513
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 12, 2011 10:38
yes, if government want it up, then you will never see down! and before the crash, they informed officals get out of it.
sydneyjames
Sydney, Australia
Posts: 348
11 years ago
Sep 12, 2011 10:34
hey qing, i used to trade stock in China when i was living in shanghai, the market is very easily to get manipulated.