EURUSD

i wont be only if market convince me, not to be...

i wouldn't be going long with gbp/usd just yet...


Take a look at this graph.. Before going long, I would first wait to see if it can break the 2.016-2.02 mark... I've got a feeling that it may dip... and if it does i'm ready to scalp the sh## out of this.. ^^

don't go long just yet!

http://www.forexfactory.com/attachme...1&d=1188077462

goldman sachs says.. GO LONG WITH EURUSD:

Not sure about next week, but...


Dollar May Fall to Record Within Six Months, Goldman Sachs Says
By Ye Xie



Aug. 24 (Bloomberg) -- The dollar may decline to a record low against the euro in the next six months because U.S. economic growth will slow, forcing the Federal Reserve to cut interest rates, according to Goldman Sachs Group Inc.

From the current level of $1.3568 per euro, the U.S. currency will weaken to $1.43 per euro in the next three to six months, Goldman Sachs said in a research note yesterday. New York-based Goldman, the world's biggest securities firm by market value, lowered its dollar forecast from a prior estimate of $1.35. The dollar set a record low of $1.3852 per euro on July 24.

Concern about losses in investments related to mortgage securities has bolstered expectations the Fed will cut its benchmark interest rate from 5.25 percent at its Sept. 18 policy meeting. Traders are certain the Fed will cut its key rate to at least 5 percent by Sept. 18, futures show.

``Financial conditions are tightening at a time when clearly there's some downside risk to the growth,'' said Jens Nordvig, a senior currency strategist at Goldman Sachs in New York. Fed rate cuts ``will drag the dollar lower.''

The Fed will lower its benchmark interest rate by 0.75 percentage point to 4.5 percent by year-end, according to Goldman Sachs.

The dollar will fall also because foreign investors will reduce purchases of higher-yielding corporate bonds, said Nordvig.

Goldman also said the dollar will decline to 110 yen in the next three to six months, from 116 yen at present, compared with a previous forecast of 118 yen.

This might work well for long term investors. It says in the next 6 months. So you never know, it might dip first or something.

we could post some charts...

Careful with the big dogs! They are mostly rumor spreaders. Everybody talks about the slowing US economy, but nobody mentions the long vacation that happens in Europe this time of every year. Besides, before going long, I suggest you wait ‘till tomorrow when Trichet will speak about interest rates.

See guys, I might be totally wrong.. or nuts
But I think recent rally in EURUSD and GBPUSD is corrective. EURUSD certainly look promising with break of fibo level. But I feel shorting cable as I think it has topped in this area.

I also think that EURUSD will return to 1.3000 psychological level before attempting to rally towards 1.4500.. In my dreams

that might be wise,...but vacations are almost over, the italians producers will soon start to began to work, by the end of next week it should be in full power, evrywhere, in septemeber evrybody will be back to work...hehe.
rumor spreaders,...hja, i believe that some calls in bloomberg have more then 60% true accurance, according to my observation, but my brokers analises and chat messages, they are not quite 60%, more like 19-33%, so thats what they told us at 50s level...

The ECB also backed Trichet's call for a September rate hike and this has supported the EUR.

Trade Idea - FX Stophunter - EURUSD: We are filled to sell the break of 1.3472 offer, stop bid at 1.3502, targeting 1.34 and below. See more in FX Trading Strategies.

FX: EURUSD stalled ahd of some fearsome opposition, the 100-day M/A at 1.3560, the 50% Fibo of 1.3853/1.3265 move, at the same level, the maximum stretch of upper Bollinger band on 3.0 standard deviations at 1.3551, and RSI at 76 and change. Too much to push over in one go, resulting in momentum accounts and intraday players booking some quick profits. (IFR Markets)

its over devils now, aiming to 3888...if i would listen to them i would be in -200 pips already...rumors spreader...

Usually I do not listen to those guys at UBS and major banks who give trade recommendations. And I hate when I open Bloomberg..and found an analyst saying It's time for USDCHF to rally.. and it just then continues to go down more

I think they trap us for the sake of Big Boys lol

in my dreams,... when we will see 1.40, the ppl will panic and so it will form a great setup for levels between 1.40 and 1.50.

That if we will see 1.40 that soon
Anyway, next week will tell!

that soon certanly not, but soon enough, in october we will be aiming towards 1.40, and u will go short...

I thought so too,but I am now willing to concede,I was wrong

I still hold a candle for a bearish pattern. it has to wait out the current formation to complete [[http://www.forexfactory.com/showpost...&postcount=45]]. and I need to see whether it can still survive..

I think your on to something

The daily bar will take us higher because it did close above 61fib. There could be strong resistance around 1.3720-1.3750, which could send us back down towards 1.3500 my first target. I will be looking for a good short signal this week.

Cheers.

yeee, i am prepared to be 88% expossed,...i need money...i need money badly...

Same here, I need lots of money badly ...

Support has been made at the 1.3650 level, which possibly means that a potential 1.38XX is possible.

It does seem overbought in 4hr chart. It might ease back soon, before reaching 1.38. I think it does not have enough power to shoot straightforward to 1.38 now, probably consolidate or test double top at 1.3705