Usually firms are more reluctant to pile in when they have the positions they need, no one willing to buy dollars makes it harder too.
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedEveryone is so pessimistic on dollar of banks that have reported.
JPMorgan said it will reach 1.62 against Euro in 2010
DB targets 1.60
Goldman Sachs targets 1.55
Standered Chartered sees 1.60
HSBC sees 1.60 by year end
Credit Suisse sees it weakening as does BNP Paribas
Barclays sees Euro strong very potentially new high
Normally when everyone is on one side of boat its time to get on other.
Not sure about other big players like UBS, Citi and RBS
However I know citi is optimistic on Euro against pound so i guess they are also against dollar....Ignored
Dislikedthe longer it fails to break this area, and if certain things in other places occur Euro could fall. not saying it will.Ignored
DislikedI TP at 4960. I don't see a big downmove in the works at this hour of the day. 4967 is like a magnet. Watch for consolidation around this level til later tonight.Ignored
DislikedDecision time again, was this NY close or are the buyers using this as an opportunity to load up again?
I am holding on to my shorts, you decide for yourself please, if you joined me at my point of entry we are still 15 pips in profit, not bad for an afterhours trade.Ignored