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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
seems tiresome for reward..(and hellish) lol
good luck, will support your efforts.
tradeable each side
any euor posis?
Trade:
euro/usd L 1.4074 stop 4050 tp 4140..
usdchf sh @9185 holdin
a/y dingo long holdin..
immediate resistance now comes in at 4120 level.... break could mean test of 4170/80 resistance... clear break and close above 4180 could put pressure on Euro bears and could possibly signal resumption of uptrend...
short term.... Euro bears still holding upperhand as long as Euro doesn't penetrate above 4170 level...
The revolving uncertainty with Portugal's finances and the latest downgrade of Portugal/Greece have certainly helped USDX as EUR makes up 57% of the index. In contrast, the record-breaking AUDUSD (at 1.0312) is NOT part of the index, thereby, sparing the US currency with any damage. Also adding to USDX stability is GBPUSD, whose weekly stochastics deteriorate by the day, eyeing $1.5840.
USDJPY breaks out of 83, nearing further the 83.50 mentioned in yesterdays IMT. While we may encounter some Yen-positive risk-aversion in the event (just in case) of a disappointing US Friday jobs report, but the weekly stochastics and fundamental flows into Q2, suggest 83.90, followed by 84.40. Following up my bearish tweets on EURAUD, I stick with EURAUD target at 1.3420 on the weekly chart.
***** I will be providing these tradable tweets on my NEW PRIVATE TWITTER FEED
http://twitter.com/ alaidiPremiumFX
Ashraf