EUR

so lets stop the catfight and respect eachothers opinions. Ashraf and catnip are bears and that is something handicapping both of them at this time. I think they are right about euro but wat i cant really practically do it and so do many of the new or small traders. We are kind of scalpers and swing traders and lack patience for long term trades. BTW i do understand that in any case bears will start positioning themselves if we go above 1.36 thats how it is when the people are selling its time to buy and when they are buying than its time to sell . The big guns make this market not us so i guess we may see 1.40 so that they can sell at good prices and than we may see a bigger downside. Due to fundamentals i do think euro gains will be limited. But as always who knows wat the big guns are thinking.

usdx keep falling, we need some news this weekend.

when are we guys going to learn , The market doesnt move in one direction , u can make money going short or long euro u just have to pick the high probability low risk corrective moves in both directions. Making futuristic assumptions and prophecies dont work in this market.

For now short euro or pound at 1.3560 and 1.60 is the right thing to do u guys may catch the bigger downside.

expected change didn't occur but short trade still runs .

I believe in some kind of correction as well for now. Might go down to low 1.30 figures (maybe 1.32 or so) before heading higher. In the long run I still stick to my 1.50+ target for this year.