EURUSD

I assume you meant 5576 for your T/P? I see temporary momentum in that direction as well, possibly up to 5585-90 area. only time will tell.

No I don't. I'll stay in a trade for days if it goes my way.

But if a T/P at 5576 is all I can squeeze out of that trade, be it.

eur looking good peoples... have a nice long from 5470 and going nicely my way hoping it goes much further up through 5600 and if we are really really luckly up to 5800 once again hehe

Do not close your eyes yet!

Sweet Dreams!!

Let your profits run, so simple but so hard to do.

Exactly!

U.S. Forex Market Commentary


Wed, Jun 18 2008, 23:56 GMT
by GCI Financial Team

GCI

EURO

The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5465 level and was capped around the $1.5535 level. Technically, today’s intraday low was right around the 23.6% retracement of the move from $1.6020 to $1.5280. European Central Bank member Stark spoke today and reported “The current annual inflation rate in the euro zone of 3.7 percent in May is unacceptably high. This is cause for alarm and for heightened alertness. Given the price dynamics and the continuing, if not increased, risks to price stability, along with clear declines in real interest rates, I consider it advisable to review the appropriateness of the current level of leading interest rates.” Most traders believe the ECB will lift its main refinancing target rate by 25bps to 4.25% next month. Stark added “increasing tendencies in price and wage-setting behaviour…point to second-round effects.” The German government reported it expects economic growth in Q2 2008 to be “dampened” compared with Q1. In U.S. news, the Financial Times reported expectations for Fed rate hikes are inconsistent with Fed policymakers’ current views. Also, the Wall Street Journal reported the Fed is likely to keep rates steady until Q3 or Q4 “unless the inflation outlook deteriorates considerably.” Euro bids are cited around the $1.5230 level.

See more pairs here: U.S. Forex Market Commentary

closed my long post at 1.5570.
+6*pips

Out @ 5563. Done for the day.

Profit 75 pips Thanks everybody...

gold really weakens usd so I think it will rise but I wont risk my pips so looks like everyone make pips huh.

As long as @1.5537 resist 1.56 is right around the corner!

Out at 1.5573, got 74 pips! That went surprisingly well.

Here is a visual prediction.

It could fail but tight stops will keep the doctor away...

Interesting.
What tools are you using? if I may...

That pair might go for a dip before it rallies again. That's why I'm out for now.

Might go short @ 5520 and fetch a few more pips. Hopefully before my broker closes for the week end.

Anyways, say what I do but don't do what I say. I'll come and blown my own horn if I'm right

Good morning ladies and gentleman (10:23 here in Jordan). Still holding onto longs but for some unexplainable reason I have this gut feeling that either we could see 57 area today or back down to 5450. I guess only time will tell. Keep your stops tight, Im guessing we're in for a hectic day today.

Hi Triq.

There goes an understatement.

Holding on to longs for "unexplainable" reasons? Logical, statistical, emotional, animal, vegetable or mineral?

Long at 1.5537 SL very tight Like 1.5529 or wait a break above 1.5585 and go long at 1.5591.

I have a long @1.5513 and this is my view for today!

@1.5551 was broken, the pair has more room to the upside!

Now SL tight!!

let's see!