Wow, look at this chart from TimingCharts.com.
Large investors are definitely buying more euros, even if they are still buying dollars.
Large investors are definitely buying more euros, even if they are still buying dollars.
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedI don't put the though out that we could push a little bit higher towards the larger shorts. I'm sure that last weeks covering rally shook out a lot of the weak shorts. With that being said, bulls might still try to cover a few more shorts.....I also wouldn't discount the fact that with volumes decreasing due to illiquid holiday (July 4) and summer trading conditions coming into effect, we could see a bunch of consolidation up here in the range from 1.2150-1.2645 until mid-July to August. Here's my chart.....Ignored
DislikedOk here is a chart of my overall sentiment, long term bear, short term retracement small bull for how long??? Dont know but hopefully we will see correction in the short future. I am pending to buy at 1.2350 after watching the gap on sunday. I have posted my reasoning on the charts. Please I offer your opinion on my output here.
Thank you.Ignored
DislikedI am really pleased with them. no problems okay the spreads increase during news time but that about the only problem .Ignored
DislikedCOT Weekly Data Discloses Biggest Euro Short Covering Episode In History
Submitted by Tyler Durden on 06/18/2010 15:30 -0500
The CFTC Commitment of Traders is out and, it's a doozy: the amount of short covering in net spec EUR short positions hits what is certainly an all time record, as just under 50 thousand (49,585) short contracts are covered. This represents a huge 44% of all outstanding EUR net shorts (-111,945) as of the prior week. [color=red]No...Ignored
DislikedHow many of you watch every pair to see what is in the action at the moment? Do you trade every pair?
Do you have some favorites?
If you do trade lots of currencies, how do you find the ones that are moving? And how do you find them before the move is over?Ignored
DislikedWow, look at this chart from TimingCharts.com.
Large investors are definitely buying more euros, even if they are still buying dollars.
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DislikedI use Oanda also and have been happy with them for the most part. Every now and then the platform goes down for a few minutes but this doesn't happen very often. Spreads are also very low most of the time. Their charting kind of sucks, but you can use other software for charting. For order entry they are though to beat.Ignored
DislikedHow does China's decision to free up the yuan ( to some extent) affect the EUR? Will this be the boot the EUR needs? Will the Shorts go running for the door?Ignored
DislikedStill the momentum is up now, we might see a stabilization this week before a new pop up. . Euro/USD is bullish, US Dollar is struggling hard. There is no good news in the US. The only thing coming is printing money and printing money. This is not sustainable and far worse than the situation in Europe. Watch your back when the USD$ loses 5%,10% and + intraday. It will happen one day before you get your eyes opened.
For those who owns a lot of USD and even other currencies, buy gold and silver to protect yourself !Ignored
DislikedThe fact still remains that the US economy is strong and the US govt able to print money while Europe is stagnant and having to borrow money like third world nations. European nations CANNOT print their own money (the ECB can but not individual countries) and therefore they have a flawed currency mechanism and will continue to fall IMHO.
Keep in mind I am a scalper and indifferent to direction the currency goes. I'm giving you my opinion about the direction of the currency and not the direction I *want* it to go...Ignored
DislikedEven if 5 months from now it has shown substancial gains; I will continue to SELL extreme highs, BUY extreme lows.Ignored