Euro/Dollar discussion

As you All see the Euro has givin in and the dollor over took some strength and the dollor crossed the 1.2960 which is the 68% Fib retracement of 1.22. What i wana Discuss is what are your thoughts about it do you think its just a temp Down fall And gona get back up as far as 1.40. Or is this the correction phase to 1.22 and even lower? Personally my thoughts are the Euro has fight left in him but the dollor keep pushing him down and eventually it will give in i see a lot of Traders think this is just another bounce but i think its not any more. Post your opinions your thoughts commets anything

i like your thinking here. personally i think the dollar is looking at 1.4000 vs. euro. too many fundamentals against it. i cant see any reason the dollar should be strengthening again, nothing has really changed in the last few weeks. its just the natural bounce on the 1.3000 resistance going on. IMHO

Right now im seeing more dollor strength first time since i cant even rember lol i havnt seen dollor stregnt in 2004 lol its been mainly since feb at 1.18 - 1.22 but as you rember that same thing happend before it in 2003 where around sep-nov the dollor fall and the euro got all the way to 1.29 then around feb it fell all the way to 1.18 which the rest of the year spent through 1.18 - 1.22. but to move to current events as you see many times as it trys to get back up the dollor over takes it and with bush wanting to barrow 80 bill more i think his gona need to show some faith the the dollor is not sinking under but yeah fundementals can beat it right up really fast but also the swiss right now seems to give some dollor support helping it hold its ground basically right now i try to minimize my trades and keep them short as it can swing ethier way.

also i wana add you said natural bounce to 1.30 but its not just it it fell as far as 1.2920 and as i was watching it closely it had a quite a barrier at 1.2960 at the 68% fib retracment and maybe its not gona drop this week but Hopefully it will i got one touch option rideing on it lol but its already did a big step next step not just a fall like it did before and as im looking at it now i see euro strong and probally getting more strengh from all the long buyers but dollor is prevaling and if its gona touch 1.2920 people gona turn and start buying the dollor which will give stronger boost but once again i bring up what you said that some fundemantals that can raise up can lift up to Euro as the dollor fighting on its own strenght and there was no changes in the few weeks other then maybe few tiny postive dollor reports but the dollor is prevailing. also what gave the dollor another beating and euro stregh its the Same scenario of the presidental election where the looser is gona start saying cheating recount well u know it happen'ed before lol and that would even hurt the dollor more but because it went give or take smoother it didnt help the dollor but it didnt hurt him but as i said before it think the dollor took a long beating and if stuff is repeating it self like last year it will fall now and by march im just thinking out loud will be trading not big rounds give or take as it was before it sky rocketed up

Posting on current events Update Feel free to Post your thoughts commets for the discussion. As we seen today The Euro had some Good Reports and Got a strong boost But still haveing hard time as the dollor is not going off easy its hard to see a Break for the Dollor now as the Euro has more support but the dollor is trying and not giveing up And keeps pushing the Euro down and it self up Its hard to tell now what will happen many assume only because the dollor is failing means it will go up there i wouldnt put a conclusion just there the Dollor is trying more then it did this year. Place ur Trades carefully As this can swing ethier way even though the euro is pulling stronger now

comon People dont be shy to post your thoughts

Sweden Dec Retail Sales +4.8% Y/Y Below F/cast

Sweden Dec PPI +2.0% Y/Y Vs +2.9% Last

Dollor get some stregn at CHF from a weaker then exspeted Retail sales which Took the Euro/dollor from 1.3125 to 1.3070 and stalling a bit here Further dollor stregn can be seen but the Euro is Pushing hard

Dont be shy now and Discuss here the Euro/dollor

An overall look at the charts shows that everytime it(the Euro) tries to recover it falls back. The overall uptrend is bending. I've made good demo trades shorting the Euro in the past few weeks, and I still think it's going to dive.

First of all Thank you Merlin and Howtotradeforex For entering the Discussion I guess other people are shy hehe. for the past couple of weeks the Euro been trying to get it self up and the dollor keeps pushing it down. This Week is an Important week as many traders know from the Election too the Non Farm Payroll reports a lot of Fundementals will be flying around and it should be an active week with Some good movement since the euro dropped to 1.30 there hasnt been much movement on the markets so this week it can be changed if all go's well The dollor can dip to 1.2850. the CHF right now is helping the dollor by the looks of it and the yen is coming out of the pit slowly if everything keeps going the way it is maybe we can see a road back to the dollor Ofcourse the Euro still has a lot of strength so the dollor is gona need to maintain the power his showing to fight the euro's pulling. To conclude this one strong pull by the euro and it can be all the way up there so if your trading short Keep an eye out and Place your Stoploss well

Here we are again!!