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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30727
Forum Topic:

EUR

Discuss EUR in this thread
 
subway90
Posts: 1078
10 years ago
Mar 24, 2011 18:24
dave...

very similar with mine...

expecting usdx to hit 74.60/70 next week or the following week... where i expect a bounce back up to 77 b4 selloff to 72.50 level...

for Euro... it would mean test around 4320/50 level initially.. then if pullback would be limited to 4250... i see extension higher to 4430/50 b4 bigger correction could take place...
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Mar 24, 2011 18:22
Subs, I feel more interested in the buy side unless full ret to break the 4052 pivot low. Once 4280 level exceeded my next targets would be 4426 and/or 4697. Not projecting beyond that yet.
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Mar 24, 2011 18:13
I think DX has further downside to next target 74.70 basis DX #F. Beyond that lies next target at 72.30 ish
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Mar 24, 2011 18:09
Euro index does look very weak comparing with the current depths of DX index and its well lagging the Nov 10 eurusd high
subway90
Posts: 1078
10 years ago
Mar 24, 2011 17:41
i guess we'll see Euro move higher tom...

first support 4170.... below that 4140 then 4100....

break of 4163 could see correction back down to 4140 then possibly 4090/4100 b4 moving higher..

4090/4100(if tested) would be a perfect buying opportunity for 4300+ level.... with s/r below 4050 level....

gl/gt
cat0nip
Frankfurt, Germany
Posts: 1632
10 years ago
Mar 24, 2011 17:34
No strength of EUR but USDx close to meltdown.
So everyone has what he deserves Japan has emperor UK has Royals Libya still has Gaddafi
and on top of all : Germany has Merkel.
chloethebull
halifax, Canada
Posts: 1183
10 years ago
Mar 24, 2011 16:58
ya kam can;t under estimate to power of central bankers,but im confident we;ll see 1.20 level in the eur mayb not now but prob not too far off in the distance..like buffet said miuch more presure on the eur and it could colapse..as for the grammar mine is horrific lol..gl guys:)
Kam
UK
Posted Anonymously
10 years ago
Mar 24, 2011 16:52
Just realised..poor grammar and spelling in post below. apologies!
Kam
london, UK
Posts: 31
10 years ago
Mar 24, 2011 16:51
Amazing Euro strength. Despite all the concerns with Portugal (which is totally akin to Greece) and Spanish downgrades, Euro is flying. Why? becuase interest rate hike expectations (and these are only expectations with no certainty or amount) are more in focus the soveriegn debt issues, regardless of fact that every rationale investor should know that these bailouts are like putting water in a bucket with a leak, and sooner or later the money used to bailout will be worth junk, akin to printing money really, but the way Euro is rallying, what do i know!!

All i can say is the previous 2 occasions where Euro tanked from 1.6 and 1.5, Trichet should have just come out with rate hike rhetoric and saved Euro from tanking!!!! seems to work this time.

Needless to say this is why i trade on technicals and use Fundies only for bias or selecting pairs, because charts tell you what traders are doing where as fundamnetals tell you what traders should be doing, which lets admit know one knows...

Kam
Ganja
United States
Posts: 278
10 years ago
Mar 24, 2011 15:23
check plz..bring fortune cookie..

gotta go sailin smacks...
no time to chat with London bwatty bwoys :)