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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
But it is already priced in EURUSD. EURx follows Eonia inversely after a huge Dexia spike
Eonia down to 0.89 . But even with EFSF ratified new problems come up. This time with credit
to Eastern Europe in EUR and CHF. Hungary and Romania in focus and additionally credits to Russian oligarch companies.
Thus taking profit EURUSD long @36, adding to short @36 is imo the consequence. Without any chartastrology. This is not a free market , cannot apply chart astrology in fx politically driven.
Just as I called for 1.3520 on Friday (& was 1 day too early), i still call for 1.28 and 1.25.
The trick is to call for the rebounds w/in the downtrend. That is the challenge.
Once again, markets do not move in a straight line. This is simply a retracement, a corrective move, a temporary rebound before the downtrend reaffirms itself.
That is consistently mentioned in our Premium service.
i hope that is clear to everyone.
Ashraf
is Ash still calling 1.28 ?
moving stop on 3690 short to 3640 locking 3 x 50p
current 3628
stopped out in positive 50 pips x 3
gl
thanks for compliments jz
dave!?.. you should know me be better by now:-)
http://www.youtube.com/watch?feature=player_embedded&v=MhiPIBuwkzU#t=0s