I'm long for the mid term. Target is 1.29. Technically, this pair is overdue for a sizable retrace. Fundamentally, there's been a lot of talks about ECB intervening. Therefore I think this rally will continue for several more weeks or until more sour news come out of Greece or Spain. Long term trend is still down. But I think retrace to 1.29 first then down again.
- Post #682,943
- Quote
- Aug 22, 2012 10:31am Aug 22, 2012 10:31am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- Post #682,944
- Quote
- Aug 22, 2012 10:36am Aug 22, 2012 10:36am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- Post #682,945
- Quote
- Aug 22, 2012 10:37am Aug 22, 2012 10:37am
- | Joined Oct 2010 | Status: Member | 1,539 Posts
- Post #682,946
- Quote
- Aug 22, 2012 10:39am Aug 22, 2012 10:39am
"Nothing is so useful to man, as the resolution without hurry".
Henry Ford
- Post #682,948
- Quote
- Aug 22, 2012 10:43am Aug 22, 2012 10:43am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- Post #682,949
- Quote
- Aug 22, 2012 10:43am Aug 22, 2012 10:43am
- | Joined Dec 2008 | Status: Member | 14 Posts
- Post #682,952
- Quote
- Aug 22, 2012 10:45am Aug 22, 2012 10:45am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
- Post #682,953
- Quote
- Aug 22, 2012 10:47am Aug 22, 2012 10:47am
"Nothing is so useful to man, as the resolution without hurry".
Henry Ford
- Post #682,955
- Quote
- Aug 22, 2012 10:48am Aug 22, 2012 10:48am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
- Post #682,957
- Quote
- Aug 22, 2012 10:52am Aug 22, 2012 10:52am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- Post #682,958
- Quote
- Aug 22, 2012 10:54am Aug 22, 2012 10:54am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
- Post #682,960
- Quote
- Aug 22, 2012 10:57am Aug 22, 2012 10:57am
you are the creator of your own destiny-Shivyog