Euro Posturing Begins | Forex Factory

  • Euro Posturing Begins

    From oanda.com

    Thank Medley, market rumors of a Euro-positive research report have dragged and supports a higher EUR ahead of tomorrows rate announcement. It’s believed that the group indicated that the ECB is comfortable with a stronger currency and is not too concerned with the ongoing periphery sovereign debt crisis. Nor is the rest of the market its seems. It’s unfazed by Portugal’s EFSF EUR87b program, despite being the third Euro-zone country to succumb to the sovereign debt crisis after Ireland and Greece. The market is looking for some clear indication

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smikester
May 4, 2011 8:31am
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'The Euro stallion is running on blinkers now.' That is funny.
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str8bullish
May 4, 2011 12:27pm
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The Euro had a great run "fxpreacher" never believed it could make it to this level....it did and made great money for some people ....everybody wanted to short it at 1.45 but i broke it....It can now fall i dont care , got my money.
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pqt
May 4, 2011 8:00am — Edited
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Skrew the funnymentals! The Euro stallion is running on blinkers now. There must be quite a trove of stops above 1.5 awaiting.
BTW, I'm watching the bearish divergence on 4H TF "very closely" and "with great interest"!
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