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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
@Coach: Good trade(s). Be happy you are on the right side of this market :)
Possible resistant today 1.2775 there abouts. May target 1.2820-80 before end of week.
I am targeting above 1.2820 there abouuts!
Last seven 30 min chart had been up! GL all
Looks like long term down trend line was broken. Do you think its the end of Bear trend?
DO WATCHhttp://www.youtube.com/watch?v=qOP2V_np2c0&feature=related EXCELLENT DESCRIPTION !!!!!!
Marxism is a powerful explanatory framework, but this video shows one of its major shortcomings -- it is often treated by academics as a kind of modern day scholasticism, where Marx plays the role of Aristotle, and the the marxist becomes the philosopher-priest who assumes that everything can be understood in terms of the master. So, in this case, the speaker identifies systemic risk with the internal contradictions of capitalist accumulation. But Marx had no clue about the concept of risk.
Rumours is that that Citibank went long at the area too, targeting 1.30! Source Forex News
The bulls now need to take out 12614 to break the short term downtrend.
R4 1.2722
R3 1.2684
R2 1.2648
R1 1.2614
S1 1.2540
S2 1.2478
S3 1.2398
S4 1.2304
Fearing a lasting burden on taxpayers, the German government is preparing a set of insolvency rules for countries in the euro zone. It would require private investors to bear some of the financial burden and force the affected countries to give up some sovereignty. The plan is guaranteed to meet with resistance.
To avert future problems, the Germans have asked their experts to assemble a package of reforms that could stabilize the construct of the European Monetary Union in important ways -- if, that is, the partner countries play along. And even then, it cannot be ruled out that some countries could go bankrupt in the future.
http://www.spiegel.de/international/europe/0,1518,705959,00.html