-
EUR/USD Bottom Pickers at this Level? It’s Inevitable
The daily EUR/USD lows are probably going to be too much for EUR/USD bottom pickers to ignore, so what’s the play short-term and what would a bounce from the 1.28 handle set up? While there is certainly more bearish momentum, the recent acceleration is one-part ECB/Draghi and two-parts U.S. dollar/September taper discounting. Is the dollar done yet? No. There’s no way that September discounting is complete even though traders are taking this session-by-session. As much as the dollar is reaching “overbought” or “overextended” levels after today’s nearly 1.5% move higher, so too is the EUR/USD reaching a ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 5, 2013 1:48pm Jul 5, 2013 1:48pm
- johnel
- | Joined Jan 2012 | Status: Member | 508 Comments
- Comment #2
- Quote
- Jul 5, 2013 2:03pm Jul 5, 2013 2:03pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #3
- Quote
- Jul 5, 2013 3:15pm Jul 5, 2013 3:15pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #4
- Quote
- Jul 5, 2013 3:26pm Jul 5, 2013 3:26pm
- Mrjatu
- | Joined Apr 2013 | Status: Member | 8 Comments
- Comment #5
- Quote
- Jul 5, 2013 3:30pm Jul 5, 2013 3:30pm
- Mrjatu
- | Joined Apr 2013 | Status: Member | 8 Comments
- Comment #6
- Quote
- Jul 5, 2013 3:30pm Jul 5, 2013 3:30pm
- Guest
- | IP XX.XX.199.241
- Comment #7
- Quote
- Jul 5, 2013 3:32pm Jul 5, 2013 3:32pm
- Mrjatu
- | Joined Apr 2013 | Status: Member | 8 Comments
- Comment #8
- Quote
- Jul 6, 2013 12:20am Jul 6, 2013 12:20am
- johnel
- | Joined Jan 2012 | Status: Member | 508 Comments
- Comment #9
- Quote
- Jul 6, 2013 12:49am Jul 6, 2013 12:49am
- johnel
- | Joined Jan 2012 | Status: Member | 508 Comments
- Comment #10
- Quote
- Jul 6, 2013 12:52am Jul 6, 2013 12:52am
- piptastic
- | Joined Jun 2010 | Status: FXTRDR | 305 Comments
Anything can happen in FOREX. There's no 100% sure
- Comment #11
- Quote
- Jul 6, 2013 3:47am Jul 6, 2013 3:47am
- distancefind
- | Joined Jul 2013 | Status: Member | 39 Comments
- Comment #12
- Quote
- Jul 6, 2013 4:21am Jul 6, 2013 4:21am
- Siponen
- | Joined Jan 2011 | Status: Junior Member | 3 Comments
- Comment #13
- Quote
- Jul 6, 2013 8:14am Jul 6, 2013 8:14am
- Guest
- | IP XXX.XX.245.30
- Comment #14
- Quote
- Jul 6, 2013 11:44am Jul 6, 2013 11:44am
- Raghee Horner
- | Commercial Member | Joined Apr 2010 | 79 Comments