I guess I am the only dollar bull left in this thread...

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedI wouldn't go that far. I believe I made some comments on my long term trades back in november, but they still stand. I am short biased on the EUR/USD since November and probably through the first 4-6 months of 2008. Although I do not see the dollar economy gaining ground, I believe it is starting to bottom out and people are atleast getting used to the negative news. At the same time the Euro economy is just beginning the same economic troubles that hit the dollar last summer, all in a time where the E/U is in an overbought state on the week and month charts.
Overall it's going to be a bumpy ride, however I am and have been shorting on every daily pullback since November. Simplist I can describe my thoughts are a tug of war between who's doing worse, which I believe will be more and more on the EUR economy.
2nd quarter 2008 I will reevaluate, I believe the US election will start effecting the currencies around then. If the Democrats win and tax businesses to death, it won't be good for the US dollar at that point.Ignored
DislikedGood points.
Two observations:
1. Societe General was hit by a fraud scandal in Europe. I know fraud has nothing to do with the subprime mess, however if more European banks get into trouble it'll be interesting to see where the money goes.
2. If the Democrats win, I think that's dollar bullish. Republicans have literally driven the public deficit to record-low levels.Ignored
DislikedIm long EURUSD again...this retracement is perfect test of 20SMA (aka center Bollinger) on H4 - one dnager is Stoci is high but not at top, reassuring is daily is turning up....
Daily looks like today was just a dark candle before another white one.
Next bounce should be a doozie.Ignored
DislikedWe just got a nice jump back above 1.4700 it looks like we are now in an upward bias movement especially with the break of the trendline resistance. Currently we might be in an upward trend on the four hour charts showing a trendline support level near 1.468ish area. I have decided to place a Long order at 1.4725 with a SL at 1.4600 and a PT at 1.4950. I also believe with fundamentals appearing weak for the USD we may have a third chance of reaching 1.5000 but in order to ensure profit on this trade, I decided to reduce the exit point to 1.4950.Ignored
Originally Posted by ItalianSharp [IMG]http://forexfactory.com/images/buttons/viewpost.gif[/IMG] but always take these articles with a grain of salt.
Dislikedbeware, normally the currencies with higher interest gain but in this risk envoirenment dollar could be benefited.
today equities closed lower. even after after 75bp cut.
so beware, euro started faltering when stocks did the same.
europe is in serious problems of starting subprime even when ecb dont admit it. italy and france are likely to be the first ones to enter into recession.Ignored
Dislikedthe end of the USD is near
just watched another controversial interview to george soros.Ignored