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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
reported large bid at Chf1.4005, saying it is linked to protection
of the barrier at Chf1.4000. Additional talk suggests there is at least
a 'yard' (E1bln) of stops from Chf1.4000 down to Chf1.3980. Asian
traders earlier had suggested that sovereign demand would appear below
Chf1.4000.
While dollar index likely to form a double top around 8540, incase it turns south, buy AUS, GBP, EUR, buy oil sell Gold 11945 - 11885 for then buy back signals.
Meanwhile i sight Eur towards 13230
GBP to 15350
Aussie to 9115
Copper also will move to 325
closed out AUDUSD short also, i am short cable .
Could be EURUSD reverses i'll put stop buy 1.265 however far too many rumors to determine a safe entry. USDx might top soon 84.9
It appears btw only EUR buys gold USD doesn' t GBP doesn't either.