I'm going short if it breaks the 1.4661 to the downside or long if it buys the triangle upwards http://img174.imageshack.us/img174/8504/oopsuz9.gif
- #3,923
- Edited 7:41am Jan 28, 2008 7:17am | Edited 7:41am
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
Nice pop off lows. Will it go all the way this time? Charts are supportive long on the surface, but there is a bit of a divergence om the stoci the two most recent highs (weekly) - looks as though longs are out of gas, however those charts are only showing what happenend in the past. That data does not reflect Helicopter Ben's 3/4% bonus cut. Also, if he does not cut on the official date of announcement, that could be dollar bullish...for at least another wave before any further depreciation.
I have visitors in town this week, so I am not trading...closed my EURUSD long for about +20 pips on sunday and hope to keep my plate clear. So, likely this will be the week I miss the huge run to 1.52
Edit" on daily now there might be a buillish divergence forming. perplexing to say the least
I have visitors in town this week, so I am not trading...closed my EURUSD long for about +20 pips on sunday and hope to keep my plate clear. So, likely this will be the week I miss the huge run to 1.52
Edit" on daily now there might be a buillish divergence forming. perplexing to say the least
- #3,924
- Jan 28, 2008 7:32am Jan 28, 2008 7:32am
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
Stop speculating without proof. Where's the interview? Youtube?
the end of the USD is near
just watched another controversial interview to george soros.
- #3,927
- Jan 28, 2008 11:45am Jan 28, 2008 11:45am
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
No. The rate cut may not come this week. I don't care what anyone says.
- #3,932
- Jan 28, 2008 6:15pm Jan 28, 2008 6:15pm
Lol thats a sure good way to put it. Hmm lets see with a chance that the US interest rate may drop to 3% their is an better chance that we will see this pair move to the 1.5000 marker, but we will have to wait and see about it.
- #3,934
- Jan 28, 2008 7:31pm Jan 28, 2008 7:31pm
I honestly don't think that 1.5 will be reached at the moment. We had been slapped by the worst a few months ago but still 1.50 was out of reach. Whaddaya think mates?
"If, at first, you don't succeed, try, try, try again"
- Winston Churchill
- #3,936
- Jan 28, 2008 7:53pm Jan 28, 2008 7:53pm
Is 1.5 a myth? I read on FXStreet & DailyFX about the likelihood of 1.5 (or possibly beyond) being reached by end of 2007 but what we see now is contrary to common belief..
