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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
I am also moderately bullish EURJPY, it's just that I was busy and stubborn with GBPJPY and USDJPY. Im hedging my bet and going for EURUSD rather than EURJPY, leaving GBP to take against JPY. USDJPY is technical, but i cam go for "Not as Bad as Feared NFP" boosting USDJPY.
Ashraf
my coin flip ratio is low now...
good luck this week traders....
Dave.
"We insisted over the past 2 weeks that EURUSD would remain supported near $1.2380s due to fundamental and technical reasons. Fundamentally, EU leaders were already discussing more cogent solutions such as direct bank recaps and moving towards closer banking union. These measures are by far a significant improvement from 1-2 years ago when news headlines were occupied by PIIGS denial that they need assistance. Technically, our proprietary measures of EURUSD momentum suggested a near-term, stabilization, which would avoid another deepening summer sell-off (as was in July-August 2011). We stick with our stance in expecting $1.2780-1.2870 in July, before renewed pressure escalates in late Q3, calling up $1.19 "
Ashraf