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

EUR

Discuss EUR in this thread
 
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Stationdealer
London, UK
Posts: 715
14 years ago
Jun 23, 2010 13:12
Aussie AUS PM Rudd has agreed to quit
Pipster
UK
Posted Anonymously
14 years ago
Jun 23, 2010 12:50
Hi DJ

I am short on Eur/Usd at 1.2280. I remember Ashraf saying this is in a long term downtrend and these pullbacks are nothing but noise. This may go higher, but at the moment its looking down. Normally the experience peeps on this forum are in tune with one another, but there seems to be disagreement in the camp with the Eur/Usd - Thats what confused me. Thankyou DJ

Also I went short 1.4917 on Gbp/Usd
djellal
Switzerland
Posted Anonymously
14 years ago
Jun 23, 2010 11:49
pipsters,
short eurusd, I dont know why lot of guys in this forum are excpecting a big rebound... sell all rallies..
Xaron you have a big euro exposure :
lg euraud= lg eurusd+sh audusd.
+ your lg eurusd
+ lg eurchf = lg eurusd+ lg usdchf

be cautious with lots size with each of your trades
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 23, 2010 10:28
Soros Says Germany Savings Policy Is A Danger For Europe Paper

German policy could destroy European project, cant rule out euro collapse
If Germany doesnt change policy, its exit from currency union would help rest of Europe
Germany dragging their neighbours into deflation, could mean protracted stagnation
Deflation, stagnation lead to nationalism, social unrest
Germany is isolated, should allow wages to rise to help other EU states
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 23, 2010 9:57
Soros Says Germany Savings Policy Is A Danger For Europe Paper
German policy could destroy European project, cant rule out euro collapse

Fortunately he's only half as mad as he sounds.............


Xaron thats right EurChf is nice little hedger against euro, incase of euro's prolong weakness buy EURCHF and sell it in case if its to get weak over near term.

it was just below 140 when SNB somewhat indicated they would not intervene and look where it is now.

10 mins we have Icelandic Rate decision most likely to see 50bp cut from 8.5% interest rate it might play in Euro's favour but over all Euro to me another disappointing day and its going down. We might have to stay afloat to GBP's 150 test, if pound is to sell, then enter near 15050. good luck!
Xaron
Munich, Germany
Posts: 528
14 years ago
Jun 23, 2010 9:35
I am long EUR/AUD at 1.4030 as I wrote before. Will hold it till 1.45
I'm long EUR/CHF as well (1.36) with a target of 1.45 and long EUR/USD at 1.2280 with a target of 1.2650.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 23, 2010 9:30
I know same here, will have an oppotunity again if there is to be one, and yes EurCad is also running for me
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 23, 2010 8:51
station
frankly I missed EURAUD long but entered EURCAD long set trailing stop 10% ...am still abit leery on this trade
Pipster
UK
Posted Anonymously
14 years ago
Jun 23, 2010 8:48
Guys

Any thoughts on playing Eur/Usd today - i'm alittle confused on direction --- cheers
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 23, 2010 7:48
Yesterday's session was a bit mixed and we could be seeing further dollar gains over the next few days. Right now we're once again relying on the London session to guide price action and we will follow momentum. The EUR/JPY seems to have turned the corner and may be headed for a further retracement to 110.00 before looking for a reversal. The 113 level will be an important break to the top, if breached, could open up further room towards 116. If today's candle breaks above yesterdays high of 112.50 and manages to close above that figure, we will consider that a reversal and look for a long position.
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