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markpro's EUR/USD thread

  • #21
  • May 31, 2007 2:47am May 31, 2007 2:47am
Quoting jailumar
It seems it could get to 1.3390/00 during today and later next week back to 1.3525
Thanks but what is the main cause of this?
  • #22
  • May 31, 2007 3:47am May 31, 2007 3:47am
Why does it matter where Eur is going to go and why would anyone care. If you are a trader, then trade what you see, not what you think. If you're not a trader than by all means carry on with the exercise in prognostication. It'll make for great conversation, but won't put any pips in your pocket...
  • #23
  • May 31, 2007 4:27am May 31, 2007 4:27am
1.4000 should come this year.
  • #24
  • May 31, 2007 4:51am May 31, 2007 4:51am
Quoting Turhovach
Why does it matter where Eur is going to go and why would anyone care. If you are a trader, then trade what you see, not what you think. If you're not a trader than by all means carry on with the exercise in prognostication. It'll make for great conversation, but won't put any pips in your pocket...
  • #25
  • May 31, 2007 4:57am May 31, 2007 4:57am
Quoting mrmikal
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.
Interesting how price reacts inversely proportional to the actual Interest Rates differential eh?

When Interest Rates of USD is greater than that of GBP, GBPUSD kept rising.
  • #26
  • May 31, 2007 6:25am May 31, 2007 6:25am
That's not necessarily true.

The when the USD rates were increasing, generally, the USD did get a boost depending on the REASON for the increase.

Don't forget the BoE was also inclined to raise rates.

Interest rate movements aren't the only motivations for an exchange rate to rise and fall. Just the specter of interest rate movements can jolt a currency.

Quoting BurgerKing
Interesting how price reacts inversely proportional to the actual Interest Rates differential eh?

When Interest Rates of USD is greater than that of GBP, GBPUSD kept rising.
  • #27
  • May 31, 2007 10:29am May 31, 2007 10:29am
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.

I really think that EURO is originating and planting the 38's seeds,, since the Us economic indicators are not reassuring and not reliable, and as expectable we may see an US rate cut, while OTOH the Euro Zone is very hawkish for this year....

Any opinions??

Just Thoughts,,,

Good Trading to All...
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #28
  • Jun 3, 2007 11:28pm Jun 3, 2007 11:28pm
Hey Guys!

I hope you guys have a great weekends! By looking at the news today for both EUR and USD it seems that it doesn't have much news. I'm just trying to know if there will be some amateurs able to forecast today's buy/sell rate?

Let's discuss here, your comments and suggestions are highly appreciated.
  • #29
  • Jun 3, 2007 11:52pm Jun 3, 2007 11:52pm
Bullish Butterfly in progress. There's a bullish divergence too.

http://i43.photobucket.com/albums/e3...D06032007a.gif
  • #30
  • Jun 4, 2007 12:09am Jun 4, 2007 12:09am
Interest rate hike is allready priced.
it may go up to 35.05 then, drop to 34.07 by the end of the week.
means; these week will move in range between 1.34 to 1.35
===============
  • #31
  • Jun 4, 2007 1:25am Jun 4, 2007 1:25am
I agreed it will move between 1.35 - 1.34.

Any comments?
  • #32
  • Jun 4, 2007 4:02am Jun 4, 2007 4:02am
It seems that the EUR is getting a little stronger today. Hope EUR will bullish like how we predicted.

Any comments guys?
  • #33
  • Jun 4, 2007 4:07am Jun 4, 2007 4:07am
well it's been range-bound for the last week, and parabolic SAR is getting close to price, so expect a bullish reversal setting-in soon. 3450 might be a good floor to set longs.

quote=markpro;1457562]It seems that the EUR is getting a little stronger today. Hope EUR will bullish like how we predicted.

Any comments guys?[/quote]
TRADE FOR SWAP
  • #34
  • Jun 4, 2007 4:12am Jun 4, 2007 4:12am
Quoting cgldsmth
well it's been range-bound for the last week, and parabolic SAR is getting close to price, so expect a bullish reversal setting-in soon. 3450 might be a good floor to set longs.

quote=markpro;1457562]It seems that the EUR is getting a little stronger today. Hope EUR will bullish like how we predicted.

Any comments guys?
[/quote]

Hey cglsmth

Thanks for the feedback, really appreciate very much!
  • #35
  • Jun 4, 2007 4:18am Jun 4, 2007 4:18am
looking good already.

Quoting cgldsmth
well it's been range-bound for the last week, and parabolic SAR is getting close to price, so expect a bullish reversal setting-in soon. 3450 might be a good floor to set longs.

quote=markpro;1457562]It seems that the EUR is getting a little stronger today. Hope EUR will bullish like how we predicted.

Any comments guys?
[/quote]
TRADE FOR SWAP
  • #36
  • Jun 4, 2007 7:04am Jun 4, 2007 7:04am
Yeap, the pair is ranging from 3405 to 3505, we could see either a break or a reversal back to the 34s.
  • #37
  • Jun 4, 2007 7:50pm Jun 4, 2007 7:50pm
I have an opened position this morning to hit 1.3505. Now it seems that the trend is striking 1.3499. I hope it will hit 1.3505 and down again.

What do you guys think of today's movement/trend?
  • #38
  • Jun 4, 2007 8:05pm Jun 4, 2007 8:05pm
Well Mark,

Right now I'm thinking one of two things:

1. Buy and hold for a couple of weeks.

2. Refrain from starting anymore threads about the EUR/USD. There's already a ton of on going discussions about this pair, with everyone and their grandmothers spewing out recommendations.

Good luck,
MM
  • #39
  • Jun 4, 2007 8:05pm Jun 4, 2007 8:05pm
Quoting markpro
I have an opened position this morning to hit 1.3505. Now it seems that the trend is striking 1.3499. I hope it will hit 1.3505 and down again.

What do you guys think of today's movement/trend?

markpro:

Will be staying out until the major announcements have
been released tomorrow. For now, 9 p.m. EST, this looks like
it is not in a hurry to come down.
  • #40
  • Jun 4, 2007 9:18pm Jun 4, 2007 9:18pm
Quoting mr.marketz
Well Mark,

Right now I'm thinking one of two things:

1. Buy and hold for a couple of weeks.

2. Refrain from starting anymore threads about the EUR/USD. There's already a ton of on going discussions about this pair, with everyone and their grandmothers spewing out recommendations.

Good luck,
MM

That's not very nice.

This is a discussion thread, not anything else. Is ok for members to post what they see or feel.
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