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  • #1
  • First Post: May 23, 2007 2:14am May 23, 2007 2:14am
I see the USD is getting stronger.

Any idea if it will hit above 1.35?

Sorry guys I'm a new player learning from people like you
  • #2
  • May 28, 2007 1:43am May 28, 2007 1:43am
Just to have a simple discussion here, is EUR going to be stronger than US? I heard from a friend that the UT will hit 1.35 and above. Just want to have your points of view.

Appreciate that guys!
  • #3
  • May 28, 2007 1:58am May 28, 2007 1:58am
Hi , are you forecasting the markets? but maybe we should not forecast anything, but follow something.

Just personal opinion
  • #4
  • May 28, 2007 2:46pm May 28, 2007 2:46pm
Quoting mduchamp
Hi , are you forecasting the markets? but maybe we should not forecast anything, but follow something.

Just personal opinion

i think you are very correct. The correct think to do is to follow the trend and the market. To begin to speculate is the quick way to loose some easy bucks.
My recommendation is for you to follow the market and stay away from prediction.

UNTIL LATER, STAY COOL AND MAY YOUR TRADING BE PROSPEROUS
  • #5
  • May 28, 2007 6:43pm May 28, 2007 6:43pm
Thanks guys! Really Appreciate it very much!
  • #6
  • May 30, 2007 9:29pm May 30, 2007 9:29pm
How many of us think it will hit 1.35?

I am one that think it will hit 1.35 and above.

Any comments?
  • #7
  • May 30, 2007 9:46pm May 30, 2007 9:46pm

May I ask what will hit 1.35?

If you are talking about euro/usd, no i don't think it will, at least not for this and next year. euro is in a fresh new trend of decline. I won't call a long till it hit around 1.1-1.2ish.

  • #8
  • May 30, 2007 10:27pm May 30, 2007 10:27pm
Quoting markpro
How many of us think it will hit 1.35?

I am one that think it will hit 1.35 and above.

Any comments?
Watch the USDCAD for clues. If the USDCAD decline stops, then 1.36 will be tough but if the trend holds, 1.36 is chickfeed.
  • #9
  • May 30, 2007 10:45pm May 30, 2007 10:45pm
Quoting Bemac
Watch the USDCAD for clues. If the USDCAD decline stops, then 1.36 will be tough but if the trend holds, 1.36 is chickfeed.

Hi Bemac,

Why is the Loonie a leading indicator in this case?


Lou
  • #10
  • May 30, 2007 10:56pm May 30, 2007 10:56pm
Just to share this with you guys

I was with another friend on the line whom has been very successful in forex for the past 3 years starting as low as USD10k and now is making more than USD6million.

Here is what he analyzed, the trend will move up slightly below 1.3500 maybe in the range of 1.3460/70 for today or tomorrow. From there between 1.3460/70 it may or may not move down. According to him, high chances the trend will hit 1.3460/70.

Any comment guys..... I appreciate all your feedback!
  • #11
  • May 30, 2007 11:16pm May 30, 2007 11:16pm

knowing a guy who made $6million is to me more surprising than euro move to 1.3600 the next hour

  • #12
  • May 30, 2007 11:59pm May 30, 2007 11:59pm
I'd be WAY hard pressed to believe we'd see 1.2000 any time soon with the EUR.

I expect that it's much more probable that we'd hit 1.3500 than 1.2500 at this point, in all honesty.

It's hard to say exactly how it would play out, but while the EUR did reach an oversold point, EUR still has the thread of rate INCREASES while the USD is facing rate DECREASES. All this plays into the general strengthening of the EUR against the USD.

I do believe we could (and should) get a significant retracement in the EUR against the USD, but I'm not sure how substantial it can be given the economic data coming out of Europe.

I look for a short term decline to the 1.3300 - 1.3200 with an intermediate range between 1.3200 and 1.3400 before we head a bit higher.

I can't say we've hit a top just yet, but I find it highly unlikely we'll go TOO much higher than 1.3600.

Quoting amylase

May I ask what will hit 1.35?




If you are talking about euro/usd, no i don't think it will, at least not for this and next year. euro is in a fresh new trend of decline. I won't call a long till it hit around 1.1-1.2ish.

  • #13
  • May 31, 2007 1:09am May 31, 2007 1:09am
hei, ithink eur will be test higher (3480-3500), and rebounce after us economic gdp release today(gdp,PMI)...
so i have immediately close allposition bef us economic release
  • #14
  • May 31, 2007 1:57am May 31, 2007 1:57am
i expect it to gain some foot (temp) after general election in france and belgium...till then it should be trending bearish...i agree but its more likely we will see 1.25+1.36/2 = 1.31
its just money
  • #15
  • May 31, 2007 2:06am May 31, 2007 2:06am
Quoting markpro
How many of us think it will hit 1.35?

I am one that think it will hit 1.35 and above.

Any comments?
i don,t think so that eur will hit 1.35 b4 coming friday.

if u are sure tell me resone why?
  • #16
  • May 31, 2007 2:10am May 31, 2007 2:10am
Correct me if I'm wrong:-

From my point of view, the current situation is that the US war against Iraq will weaken the US dollar, moreover, the current rate is too low for Euro.

Any feedback highly appreciated
  • #17
  • May 31, 2007 2:15am May 31, 2007 2:15am
Quoting markpro
Correct me if I'm wrong:-

From my point of view, the current situation is that the US war against Iraq "had and is still weakining..." will weaken the US dollar, moreover, the current rate is too low for Euro.

Any feedback highly appreciated
the time table for witdraw troops should be passed and the rep. are working with the demo. about that issue.
its just money
  • #18
  • May 31, 2007 2:18am May 31, 2007 2:18am
Quoting de123
the time table for witdraw troops should be passed and the rep. are working with the demo. about that issue.
Meaning??? Can someone elaborate this for me please....
  • #19
  • May 31, 2007 2:28am May 31, 2007 2:28am
Actually what happened to the current situation?

Out of a sudden the Euro is weaken by US.

Any news/comment on this?
  • #20
  • May 31, 2007 2:43am May 31, 2007 2:43am
It seems it could get to 1.3390/00 during today and later next week back to 1.3525
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