do u know what trichet's exact words were, when he mentioned rate hike, was it , 'we might raise rates in the future' meaning next month or next year, or 'we might raise rates next month'
Lt> long term - move from 1.5302:
Lt1 1.5684 (reached)
Lt2 1.5817 (reached)
Lt3 1.6033
St> Short term - move from 1.5539:
St1 1.5718 (reached...)
St2 1.5774 (reached...)
St3 1.5864 (...strong resistance)
EU reached Lt2 and pierced into the strong resistance area 1.5840-1.5860
where next battleground is. Short entries where expected here and pushed down back to retest the dayly top trendline
If we'll get there again and hit 1.5864 Short time targets should be updated
as follows:
St> Short term - move from 1.5628:
St1 1.5875
St2 1.5954
St3 1.6083
these latest numbers would change if we see a move further down 1.5746
I am very surprised by this downward move. I think it's temporary. US$ can't go up when oil and gold price is going higher. Today they both are higher from Asian session.
This fall could be for three reasons: one paulson talking about some stronger dollar somewhere in Asia or some central bank intervention or some quarterend profit taking by some big funds.
I woke with a loss of 50pips. I went to sleep at 5:30am ET with 30pips profit from today's entry. I was shocked. I was so confident that I didn't put any stop loss before go to sleep. That's one lesson I learned about placing stop loss in any market situation.
I am on the sideline but will take long again if I got the right signal.
I am very surprised by this downward move. I think it's temporary. US$ can't go up when oil and gold price is going higher. Today they both are higher from Asian session.
This fall could be for three reasons: one paulson talking about some stronger dollar somewhere in Asia or some central bank intervention or some quarterend profit taking by some big funds.
I woke with a loss of 50pips. I went to sleep at 5:30am ET with 30pips profit from today's entry. I was shocked. I was so confident that I didn't put any stop loss before go to sleep. That's one lesson I learned about placing stop loss in any market situation.
I am on the sideline but will take long again if I got the right signal.
Ignored
oil and gold is high in euros also. it's gone from 5390 -5815 , 5 times, odds are it will do it again
